McDonald’s (NYSE:MCD) PT Lowered to $320.00

McDonald’s (NYSE:MCD) had its price objective dropped by research analysts at Morgan Stanley from $327.00 to $320.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the fast-food giant’s stock. Morgan Stanley’s target price suggests a potential upside of 19.68% from the stock’s current price.

MCD has been the subject of a number of other research reports. HSBC initiated coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They set a “buy” rating and a $317.00 target price for the company. Citigroup lowered their target price on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. TD Cowen reiterated a “buy” rating and set a $325.00 target price on shares of McDonald’s in a research note on Wednesday. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Truist Financial lowered their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.17.

McDonald’s Stock Down 0.5 %

Shares of NYSE MCD opened at $267.39 on Friday. The firm has a market cap of $192.79 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.91 and a beta of 0.71. McDonald’s has a 52-week low of $245.73 and a 52-week high of $302.39. The business’s 50 day moving average is $284.99 and its two-hundred day moving average is $280.63.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. Analysts anticipate that McDonald’s will post 12.35 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On McDonald’s

Several hedge funds have recently bought and sold shares of MCD. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after purchasing an additional 599,745 shares during the period. Moneta Group Investment Advisors LLC grew its position in McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after acquiring an additional 19,217,818 shares during the period. Northern Trust Corp grew its position in McDonald’s by 1.7% during the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after acquiring an additional 151,161 shares during the period. Norges Bank purchased a new stake in McDonald’s during the fourth quarter valued at about $2,684,899,000. Finally, Price T Rowe Associates Inc. MD grew its position in McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after acquiring an additional 987,099 shares during the period. 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.