McDonald’s (NYSE:MCD) PT Raised to $273.00

McDonald’s (NYSE:MCDGet Rating) had its price target boosted by equities researchers at Citigroup from $270.00 to $273.00 in a note issued to investors on Friday, The Fly reports. Citigroup’s target price suggests a potential upside of 7.35% from the company’s previous close.

Other research analysts also recently issued reports about the stock. KeyCorp boosted their price objective on shares of McDonald’s from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, January 26th. Robert W. Baird boosted their price objective on shares of McDonald’s from $268.00 to $293.00 in a research report on Tuesday, January 25th. Wedbush reiterated an “outperform” rating on shares of McDonald’s in a report on Friday, January 28th. Zacks Investment Research reiterated a “hold” rating on shares of McDonald’s in a report on Thursday, March 17th. Finally, Argus upped their price target on shares of McDonald’s from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 30th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $281.04.

MCD traded up $7.68 during trading on Friday, hitting $254.32. 3,278,701 shares of the stock traded hands, compared to its average volume of 3,250,662. McDonald’s has a twelve month low of $217.68 and a twelve month high of $271.15. The company has a market cap of $188.10 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.96 and a beta of 0.57. The business has a 50 day moving average price of $243.36 and a 200 day moving average price of $251.36.

McDonald’s (NYSE:MCDGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The fast-food giant reported $2.28 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $5.57 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that McDonald’s will post 9.79 EPS for the current year.

In related news, Director Catherine M. Engelbert acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were purchased at an average price of $244.18 per share, for a total transaction of $244,180.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norwood Financial Corp acquired a new stake in shares of McDonald’s in the 4th quarter worth about $27,000. Artemis Wealth Advisors LLC purchased a new stake in McDonald’s in the 1st quarter valued at about $28,000. Clear Perspectives Financial Planning LLC increased its stake in McDonald’s by 50.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 123 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in McDonald’s in the 3rd quarter valued at about $30,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in McDonald’s in the 4th quarter valued at about $33,000. 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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