BMO Capital Markets Issues Positive Forecast for McDonald’s (NYSE:MCD) Stock Price

McDonald’s (NYSE:MCD) had its price objective boosted by equities researchers at BMO Capital Markets from $335.00 to $340.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the fast-food giant’s stock. BMO Capital Markets’ price target suggests a potential upside of 9.54% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $323.52.

McDonald’s Stock Performance

MCD stock traded up $1.96 on Tuesday, reaching $310.38. The company’s stock had a trading volume of 1,618,111 shares, compared to its average volume of 3,140,432. The firm has a market cap of $222.42 billion, a PE ratio of 27.25, a PEG ratio of 4.08 and a beta of 0.74. The business has a fifty day simple moving average of $291.02 and a two-hundred day simple moving average of $291.56. McDonald’s has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, research analysts anticipate that McDonald’s will post 11.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kennebec Savings Bank purchased a new position in shares of McDonald’s in the third quarter valued at about $1,394,000. YANKCOM Partnership purchased a new position in McDonald’s in the 4th quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. boosted its stake in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $2,471,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.