McDonald’s (NYSE:MCD – Get Rating) had its target price decreased by investment analysts at Truist Financial from $280.00 to $273.00 in a report issued on Wednesday, The Fly reports. Truist Financial’s price objective would indicate a potential upside of 12.00% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Oppenheimer cut their price target on McDonald’s from $290.00 to $280.00 in a research note on Monday, March 14th. KeyCorp upped their target price on McDonald’s from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 26th. JPMorgan Chase & Co. upped their target price on McDonald’s from $260.00 to $275.00 in a research note on Tuesday, May 3rd. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating and set a $297.00 target price for the company. in a research note on Thursday, March 10th. Finally, BTIG Research cut their target price on McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $281.74.
NYSE MCD traded down $0.78 during trading on Wednesday, reaching $243.74. 22,612 shares of the company’s stock were exchanged, compared to its average volume of 3,247,364. The business has a 50 day moving average price of $246.06 and a 200-day moving average price of $251.17. The stock has a market capitalization of $180.26 billion, a P/E ratio of 25.70, a PEG ratio of 2.91 and a beta of 0.57. McDonald’s has a fifty-two week low of $217.68 and a fifty-two week high of $271.15.
McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.10. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.57 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 earnings per share. On average, analysts forecast that McDonald’s will post 9.83 earnings per share for the current year.
In other McDonald’s news, Director Catherine M. Engelbert purchased 1,000 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was purchased at an average cost of $244.18 per share, for a total transaction of $244,180.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 5,892 shares of the stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total value of $1,468,463.16. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,040,446.01. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in McDonald’s by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock worth $16,568,793,000 after acquiring an additional 1,039,187 shares during the period. BlackRock Inc. grew its stake in shares of McDonald’s by 4.5% in the 4th quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock valued at $14,185,930,000 after buying an additional 2,294,758 shares during the period. State Street Corp grew its stake in shares of McDonald’s by 2.9% in the 4th quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock valued at $9,911,455,000 after buying an additional 1,033,751 shares during the period. Geode Capital Management LLC grew its stake in shares of McDonald’s by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,846,007 shares of the fast-food giant’s stock valued at $3,435,310,000 after buying an additional 257,679 shares during the period. Finally, Morgan Stanley grew its stake in shares of McDonald’s by 4.1% in the 3rd quarter. Morgan Stanley now owns 8,719,844 shares of the fast-food giant’s stock valued at $2,102,443,000 after buying an additional 343,349 shares during the period. Hedge funds and other institutional investors own 68.44% of the company’s stock.
About McDonald’s (Get Rating)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.
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