TD Cowen Reiterates “Buy” Rating for McDonald’s (NYSE:MCD)

McDonald’s (NYSE:MCD)‘s stock had its “buy” rating reaffirmed by analysts at TD Cowen in a report released on Tuesday, Benzinga reports. They currently have a $305.00 price target on the fast-food giant’s stock. TD Cowen’s price target would suggest a potential upside of 11.17% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Stephens restated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Bank of America lifted their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Morgan Stanley lowered their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Wedbush cut their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $317.37.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $274.35 on Tuesday. The company has a market cap of $197.81 billion, a PE ratio of 23.71, a P/E/G ratio of 2.99 and a beta of 0.71. The firm’s 50 day moving average price is $280.53 and its 200-day moving average price is $282.27. McDonald’s has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the company posted $2.63 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that McDonald’s will post 12.34 earnings per share for the current fiscal year.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other 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 sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Several institutional investors have recently made changes to their positions in the company. Vicus Capital bought a new stake in shares of McDonald’s during the third quarter worth $306,000. Kingswood Wealth Advisors LLC lifted its holdings in McDonald’s by 74.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,328 shares of the fast-food giant’s stock valued at $877,000 after buying an additional 1,422 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in McDonald’s by 0.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 53,761 shares of the fast-food giant’s stock valued at $14,163,000 after buying an additional 402 shares during the period. Clear Creek Financial Management LLC grew its stake in McDonald’s by 31.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,566 shares of the fast-food giant’s stock worth $412,000 after acquiring an additional 378 shares in the last quarter. Finally, Financial Management Network Inc. increased its position in shares of McDonald’s by 9.8% during the third quarter. Financial Management Network Inc. now owns 5,015 shares of the fast-food giant’s stock worth $1,283,000 after acquiring an additional 447 shares during the period. 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.