The Goldman Sachs Group Increases McDonald’s (NYSE:MCD) Price Target to $325.00

McDonald’s (NYSE:MCD) had its price objective increased by equities researchers at The Goldman Sachs Group from $284.00 to $325.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the fast-food giant’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 8.14% from the stock’s current price.

Several other analysts have also issued reports on the company. Bank of America dropped their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. TD Cowen reissued a “hold” rating and issued a $280.00 price objective on shares of McDonald’s in a research report on Monday. Finally, Citigroup lifted their target price on shares of McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $307.48.

McDonald’s Stock Up 0.1 %

Shares of McDonald’s stock opened at $300.53 on Tuesday. McDonald’s has a 12-month low of $243.53 and a 12-month high of $302.39. The business’s 50 day moving average is $279.11 and its 200-day moving average is $270.68. The stock has a market cap of $215.58 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.99 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.17 EPS. On average, sell-side analysts expect that McDonald’s will post 11.69 EPS for the current year.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, CFO Ian Frederick Borden sold 5,939 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the sale, the chief financial officer now directly owns 20,403 shares of the company’s stock, valued at approximately $6,121,716.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders sold a total of 23,958 shares of company stock worth $7,032,111 in the last three months. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Concentric Wealth Management LLC raised its position in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after acquiring an additional 35 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in McDonald’s by 2.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after purchasing an additional 36 shares during the last quarter. Founders Financial Alliance LLC lifted its position in shares of McDonald’s by 0.7% in the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after purchasing an additional 36 shares during the period. 9258 Wealth Management LLC boosted its stake in shares of McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the last quarter. Finally, Weatherly Asset Management L. P. increased its position in shares of McDonald’s by 0.9% during the first quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock worth $1,234,000 after buying an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.