Robert W. Baird Issues Pessimistic Forecast for McDonald’s (NYSE:MCD) Stock Price

McDonald’s (NYSE:MCD) had its target price lowered by research analysts at Robert W. Baird from $310.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the fast-food giant’s stock. Robert W. Baird’s price target suggests a potential upside of 0.11% from the company’s current price.

MCD has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted 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, February 11th. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. BMO Capital Markets lifted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $322.87.

McDonald’s Stock Performance

Shares of MCD stock opened at $299.68 on Monday. The company has a market capitalization of $214.11 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s has a 52-week low of $243.53 and a 52-week high of $326.32. The business’s fifty day moving average is $304.34 and its 200 day moving average is $298.80.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts forecast that McDonald’s will post 12.25 EPS for the current fiscal year.

Insider Activity at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On McDonald’s

Several hedge funds have recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $25,000. Mascagni Wealth Management Inc. purchased a new position in McDonald’s during the 4th quarter valued at about $25,000. Atala Financial Inc bought a new stake in McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the fourth quarter worth about $27,000. Finally, Collier Financial bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $29,000. 70.29% of the stock is currently owned by 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, Spain, and the U.K.