McDonald’s (NYSE:MCD) Stock Rating Reaffirmed by TD Cowen

McDonald’s (NYSE:MCD)‘s stock had its “hold” rating reaffirmed by investment analysts at TD Cowen in a research note issued to investors on Monday, Benzinga reports. They presently have a $280.00 price target on the fast-food giant’s stock. TD Cowen’s target price would suggest a potential downside of 6.75% from the stock’s previous close.

Several other analysts have also commented on MCD. Evercore ISI increased their target price on shares of McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Morgan Stanley reduced their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Guggenheim boosted their target price on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. KeyCorp decreased their price target on McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group boosted their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $307.48.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $300.27 on Monday. The stock’s 50 day moving average price is $279.11 and its 200 day moving average price is $270.68. The stock has a market cap of $216.40 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.88 and a beta of 0.72. McDonald’s has a 12 month low of $243.53 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the company earned $3.17 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s will post 11.67 EPS for the current year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,231 shares of company stock worth $3,513,659 over the last 90 days. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

Large investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s during the first quarter worth $28,000. Clear Investment Research LLC acquired a new position in McDonald’s in the fourth quarter worth about $38,000. Kings Path Partners LLC bought a new position in McDonald’s during the second quarter worth about $38,000. Accent Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of McDonald’s in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds 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.