McDonald’s (NYSE:MCD) PT Raised to $270.00

McDonald’s (NYSE:MCD – Get Rating) had its price objective hoisted by equities research analysts at Citigroup from $260.00 to $270.00 in a research report issued to clients and investors on Tuesday, April 12th, Marketbeat reports. The brokerage presently has a “neutral” rating on the fast-food giant’s stock. Citigroup’s price target suggests a potential upside of 6.17% from the company’s previous close.

Several other brokerages have also weighed in on MCD. Wedbush restated an “outperform” rating on shares of McDonald’s in a research report on Friday, January 28th. StockNews.com initiated coverage on shares of McDonald’s in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research restated a “hold” rating on shares of McDonald’s in a research report on Thursday, March 17th. Tigress Financial upped their target price on shares of McDonald’s from $271.00 to $314.00 and gave the stock a “buy” rating in a research report on Wednesday, December 29th. Finally, Piper Sandler lowered their target price on shares of McDonald’s from $282.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $281.04.

Shares of NYSE:MCD traded up $8.45 on Tuesday, reaching $254.32. The company’s stock had a trading volume of 3,268,420 shares, compared to its average volume of 3,250,763. The stock’s 50-day moving average is $243.36 and its two-hundred day moving average is $251.36. McDonald’s has a 52-week low of $217.68 and a 52-week high of $271.15. The stock has a market capitalization of $188.10 billion, a P/E ratio of 26.86, a PEG ratio of 2.96 and a beta of 0.57.

McDonald’s (NYSE:MCD – Get Rating) last announced its earnings results on Thursday, April 28th. The fast-food giant reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. McDonald’s had a net margin of 29.93% and a negative return on equity of 135.05%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s will post 9.79 earnings per share for the current year.

In other McDonald’s news, Director Catherine M. Engelbert acquired 1,000 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was acquired at an average price of $244.18 per share, with a total value of $244,180.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC boosted its stake in McDonald’s by 39.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 3,899 shares of the fast-food giant’s stock valued at $964,000 after purchasing an additional 1,112 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of McDonald’s by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 350,007 shares of the fast-food giant’s stock worth $79,309,000 after acquiring an additional 15,078 shares during the period. TrueWealth Advisors LLC lifted its stake in shares of McDonald’s by 12.4% in the 1st quarter. TrueWealth Advisors LLC now owns 1,032 shares of the fast-food giant’s stock worth $254,000 after acquiring an additional 114 shares during the period. Financial Advisory Service Inc. lifted its stake in shares of McDonald’s by 7.0% in the 1st quarter. Financial Advisory Service Inc. now owns 12,888 shares of the fast-food giant’s stock worth $3,187,000 after acquiring an additional 839 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of McDonald’s by 20.2% in the 1st quarter. Prospera Financial Services Inc now owns 37,727 shares of the fast-food giant’s stock worth $9,334,000 after acquiring an additional 6,339 shares during the period. 68.44% of the stock is owned by hedge funds and other institutional investors.

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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