McDonald’s (NYSE:MCD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

McDonald’s (NYSE:MCDGet Free Report) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $305.00 to $325.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the fast-food giant’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 2.31% from the stock’s previous close.

Several other research firms also recently weighed in on MCD. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target for the company in a research note on Tuesday, January 6th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $340.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. Robert W. Baird set a $335.00 price target on McDonald’s in a research report on Thursday, February 12th. Mizuho upped their price objective on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus price target of $337.57.

Check Out Our Latest Stock Report on McDonald’s

McDonald’s Stock Down 0.6%

Shares of MCD stock traded down $1.86 on Tuesday, reaching $332.70. The company had a trading volume of 1,204,794 shares, compared to its average volume of 3,400,224. The stock has a market capitalization of $236.93 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52. The business’s 50-day moving average is $314.97 and its 200 day moving average is $309.41. McDonald’s has a one year low of $283.47 and a one year high of $336.00.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the business posted $2.83 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s will post 12.25 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total transaction of $795,520.00. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at $2,005,760. This trade represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 4,692 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the transaction, the chief marketing officer owned 6,200 shares in the company, valued at approximately $2,052,200. This represents a 43.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,550 shares of company stock valued at $23,484,957 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On McDonald’s

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of McDonald’s by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock valued at $22,112,675,000 after acquiring an additional 703,458 shares during the last quarter. State Street Corp grew its stake in shares of McDonald’s by 2.7% in the fourth quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant’s stock worth $10,997,789,000 after acquiring an additional 959,140 shares in the last quarter. Geode Capital Management LLC increased its position in shares of McDonald’s by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant’s stock worth $5,195,965,000 after acquiring an additional 76,090 shares during the period. Norges Bank acquired a new stake in shares of McDonald’s in the second quarter valued at $2,780,712,000. Finally, Price T Rowe Associates Inc. MD grew its stake in McDonald’s by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,474,749 shares of the fast-food giant’s stock worth $2,895,768,000 after purchasing an additional 277,617 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Get Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Analyst Recommendations for McDonald's (NYSE:MCD)

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