McDonald’s (NYSE:MCD) Price Target Cut to $315.00 by Analysts at Guggenheim

McDonald’s (NYSE:MCD) had its target price cut by investment analysts at Guggenheim from $325.00 to $315.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the fast-food giant’s stock. Guggenheim’s price objective would suggest a potential upside of 15.00% from the stock’s previous close.

A number of other brokerages have also issued reports on MCD. BMO Capital Markets decreased their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America raised their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays reduced their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus decreased their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Stock Down 0.2 %

Shares of NYSE:MCD traded down $0.51 on Thursday, reaching $273.92. 1,959,836 shares of the company’s stock were exchanged, compared to its average volume of 3,314,782. The firm has a market capitalization of $197.50 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.98 and a beta of 0.71. McDonald’s has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50-day moving average is $280.53 and its two-hundred day moving average is $282.27.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the business earned $2.63 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that McDonald’s will post 12.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently modified their holdings of MCD. Roffman Miller Associates Inc. PA increased its stake in McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC boosted its holdings 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. First National Bank of Mount Dora Trust Investment Services lifted its holdings in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

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.