McDonald’s (NYSE:MCD) Rating Reiterated by Evercore ISI

McDonald’s (NYSE:MCD)‘s stock had its “outperform” rating restated by investment analysts at Evercore ISI in a report released on Wednesday, Benzinga reports. They currently have a $330.00 price objective on the fast-food giant’s stock. Evercore ISI’s price target would indicate a potential upside of 17.04% from the stock’s current price.

A number of other research analysts have also commented on MCD. Barclays cut their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. BMO Capital Markets increased their price objective on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Bank of America lifted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Wedbush reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Trading Down 0.0 %

Shares of NYSE MCD opened at $281.95 on Wednesday. The business has a fifty day simple moving average of $290.64 and a 200 day simple moving average of $280.93. The firm has a market capitalization of $203.58 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.01 and a beta of 0.72. McDonald’s has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 earnings per share. On average, research analysts anticipate that McDonald’s will post 12.38 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC raised its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Clear Investment Research LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $38,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. 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.