McDonald’s (NYSE:MCD) Price Target Raised to $336.00 at Citigroup

McDonald’s (NYSE:MCD) had its price target upped by Citigroup from $334.00 to $336.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the fast-food giant’s stock.

A number of other research firms also recently commented on MCD. UBS Group lifted their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Wells Fargo & Company boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Stock Down 0.6 %

NYSE:MCD opened at $291.48 on Tuesday. McDonald’s has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $208.88 billion, a P/E ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73. The stock’s fifty day moving average is $291.11 and its two-hundred day moving average is $288.97.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s will post 11.72 earnings per share for the current fiscal year.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

Institutional Trading of McDonald’s

A number of large investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $44,000. Financial Life Planners purchased a new stake in McDonald’s during the 4th quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $58,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Company Profile

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.