McDonald’s (NYSE:MCD) Lowered to “Neutral” at BTIG Research

BTIG Research lowered shares of McDonald’s (NYSE:MCDFree Report) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. TD Cowen raised their price target on McDonald’s from $300.00 to $325.00 and gave the company an outperform rating in a research note on Thursday, December 7th. Morgan Stanley reduced their target price on McDonald’s from $330.00 to $315.00 and set an overweight rating for the company in a research note on Wednesday, October 11th. Piper Sandler lifted their target price on McDonald’s from $273.00 to $299.00 and gave the stock a neutral rating in a research note on Monday, December 11th. Royal Bank of Canada reiterated an outperform rating and set a $315.00 target price on shares of McDonald’s in a research note on Thursday, December 7th. Finally, Stephens reiterated an overweight rating and set a $320.00 target price on shares of McDonald’s in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $320.10.

Check Out Our Latest Stock Report on MCD

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $284.65 on Tuesday. The business’s 50 day simple moving average is $291.92 and its 200 day simple moving average is $280.13. The firm has a market cap of $206.47 billion, a PE ratio of 24.60, a P/E/G ratio of 2.52 and a beta of 0.73. McDonald’s has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.59 earnings per share. As a group, equities research analysts predict that McDonald’s will post 12.5 EPS for the current year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,583 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 4,583 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $281.25, for a total value of $1,261,968.75. Following the sale, the insider now owns 8,908 shares in the company, valued at approximately $2,505,375. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On McDonald’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Advisory Group L.L.C. grew its position in McDonald’s by 5.9% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 1,153 shares of the fast-food giant’s stock worth $344,000 after acquiring an additional 64 shares during the last quarter. Register Financial Advisors LLC grew its position in shares of McDonald’s by 46.4% in the 2nd quarter. Register Financial Advisors LLC now owns 947 shares of the fast-food giant’s stock valued at $282,000 after buying an additional 300 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after buying an additional 450 shares during the last quarter. W Advisors LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $981,000. Finally, Solstein Capital LLC grew its position in shares of McDonald’s by 9.8% in the 2nd quarter. Solstein Capital LLC now owns 1,698 shares of the fast-food giant’s stock valued at $507,000 after buying an additional 152 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

About McDonald’s

(Get Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

See Also

Analyst Recommendations for McDonald's (NYSE:MCD)

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