McDonald’s’ (MCD) Hold Rating Reiterated at TD Securities

McDonald’s (NYSE:MCD)‘s stock had its “hold” rating reaffirmed by stock analysts at TD Securities in a research note issued on Monday,Benzinga reports. They presently have a $300.00 price objective on the fast-food giant’s stock. TD Securities’ price target would indicate a potential upside of 1.90% from the company’s previous close.

A number of other brokerages have also commented on MCD. KeyCorp cut their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Bank of America boosted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $318.04.

McDonald’s Trading Up 0.0 %

MCD stock opened at $294.39 on Monday. The stock has a 50-day moving average price of $290.70 and a two-hundred day moving average price of $290.89. McDonald’s has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a market cap of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, analysts forecast that McDonald’s will post 11.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 value of $436,134.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $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. Over the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by company insiders.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kennebec Savings Bank acquired a new position in McDonald’s during the third quarter worth about $1,394,000. YANKCOM Partnership bought a new stake in shares of McDonald’s during the 4th quarter valued at approximately $1,628,000. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% during 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 in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in McDonald’s by 6.5% in 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 purchasing an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $2,471,000. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.