McDonald’s (NYSE:MCD) Given “Buy” Rating at TD Cowen

McDonald’s (NYSE:MCD)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a research note issued to investors on Monday, Benzinga reports. They currently have a $285.00 price target on the fast-food giant’s stock. TD Cowen’s price target would suggest a potential upside of 8.30% from the stock’s previous close.

MCD has been the subject of a number of other reports. KeyCorp decreased their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Guggenheim decreased their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Stifel Nicolaus cut their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets cut their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Morgan Stanley cut their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $305.81.

McDonald’s Stock Performance

Shares of MCD traded up $11.17 during mid-day trading on Monday, reaching $263.17. The company had a trading volume of 6,640,504 shares, compared to its average volume of 3,498,657. The firm has a 50-day moving average price of $255.44 and a 200 day moving average price of $273.52. McDonald’s has a 52 week low of $243.53 and a 52 week high of $302.39. The company has a market capitalization of $189.66 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. McDonald’s’s revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that McDonald’s will post 12.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, 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 value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the SEC, which is available at this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 completion of 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. Over the last quarter, insiders sold 5,594 shares of company stock valued at $1,454,507. Insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

Several institutional investors have recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the 1st quarter valued at about $28,000. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $31,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s during the fourth quarter worth $38,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the 4th quarter worth about $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

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.