McDonald’s (NYSE:MCD) PT Raised to $325.00

McDonald’s (NYSE:MCD) had its target price hoisted by The Goldman Sachs Group from $284.00 to $325.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the fast-food giant’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.14% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Bank of America cut their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. TD Cowen reaffirmed a “hold” rating and set a $280.00 price target on shares of McDonald’s in a research report on Monday. Truist Financial decreased their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Stifel Nicolaus dropped their target price 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $307.48.

McDonald’s Price Performance

NYSE MCD opened at $300.53 on Tuesday. The company has a fifty day moving average price of $279.11 and a 200-day moving average price of $270.68. The firm has a market cap of $215.58 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s has a 1 year low of $243.53 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the company posted $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts anticipate that McDonald’s will post 11.69 EPS for the current fiscal year.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s 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 transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Insiders sold 23,958 shares of company stock valued at $7,032,111 over the last three months. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

A number of institutional investors and hedge funds have recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s during the 1st quarter valued at $28,000. Clear Investment Research LLC purchased a new stake in McDonald’s in the 4th quarter worth approximately $38,000. Kings Path Partners LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $38,000. Accent Capital Management LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC bought a new position in shares of McDonald’s in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

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.