McDonald’s’ (MCD) “Buy” Rating Reaffirmed at Loop Capital

Loop Capital reissued their buy rating on shares of McDonald’s (NYSE:MCD) in a report published on Friday morning,Benzinga reports. The firm currently has a $342.00 price objective on the fast-food giant’s stock.

MCD has been the topic of a number of other reports. Truist Financial dropped their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.65.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $294.78 on Friday. McDonald’s has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a market capitalization of $211.25 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.95 and a beta of 0.73. The stock has a 50 day moving average of $294.57 and a 200 day moving average of $284.66.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts forecast that McDonald’s will post 11.75 EPS for the current year.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 44.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,050 shares of company stock worth $3,556,688. Insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

A number of large investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s during the third quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the third quarter valued at $72,000. 70.29% of the stock is currently owned by institutional investors.

About McDonald’s

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.