UBS Group Increases McDonald’s (NYSE:MCD) Price Target to $345.00

McDonald’s (NYSE:MCDGet Free Report) had its price target upped by analysts at UBS Group from $305.00 to $345.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the fast-food giant’s stock. UBS Group’s price target would indicate a potential upside of 13.55% from the stock’s previous close.

A number of other research firms also recently commented on MCD. BMO Capital Markets cut their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Barclays reduced their price objective on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Jefferies Financial Group upped their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. Finally, Robert W. Baird upped their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.50.

Get Our Latest Stock Report on MCD

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $1.94 during trading on Wednesday, reaching $303.84. The stock had a trading volume of 1,854,106 shares, compared to its average volume of 3,393,154. McDonald’s has a 1-year low of $243.53 and a 1-year high of $306.96. The stock has a market cap of $218.97 billion, a PE ratio of 25.79, a PEG ratio of 3.99 and a beta of 0.73. The business has a fifty day moving average price of $288.17 and a 200-day moving average price of $271.98.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $3.17 EPS. Sell-side analysts expect that McDonald’s will post 11.69 earnings per share for the current year.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock worth $9,493,973 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky boosted its position in shares of McDonald’s by 89.9% in the 3rd quarter. Independence Bank of Kentucky now owns 7,321 shares of the fast-food giant’s stock valued at $2,229,000 after purchasing an additional 3,465 shares during the period. Albion Financial Group UT raised its stake in shares of McDonald’s by 4.1% during the third quarter. Albion Financial Group UT now owns 29,984 shares of the fast-food giant’s stock worth $9,131,000 after purchasing an additional 1,169 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of McDonald’s during the third quarter worth $943,000. GEM Asset Management LLC grew its position in McDonald’s by 20.4% in the 3rd quarter. GEM Asset Management LLC now owns 1,558 shares of the fast-food giant’s stock valued at $469,000 after buying an additional 264 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its stake in McDonald’s by 6.8% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,058 shares of the fast-food giant’s stock valued at $627,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for McDonald's (NYSE:MCD)

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