McDonald's (NYSE:MCD) Given New $282.00 Price Target at TD Cowen

Key Points

• TD Cowen lowered McDonald’s price target to $282 from $300 and maintained a “hold” rating, while still implying 11.57% upside from the current share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $320.57, despite several firms recently trimming their targets.
• McDonald’s shares opened at $252.76 and remain below their 50-day and 200-day moving averages, signaling technical weakness. The company’s latest quarter beat EPS estimates, while revenue increased 3.7% year over year but fell slightly short of expectations.

McDonald's (NYSE:MCD - Get Free Report) had its target price decreased by equities research analysts at TD Cowen from $300.00 to $282.00 in a report issued on Friday, Benzinga reports. The firm presently has a "hold" rating on the fast-food giant's stock. TD Cowen's price target suggests a potential upside of 11.57% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of McDonald's from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 23rd. Argus dropped their price target on shares of McDonald's from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Wednesday, August 26th. Wells Fargo & Company cut their price target on shares of McDonald's from $320.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. UBS Group set a $305.00 price objective on shares of McDonald's in a research report on Wednesday, August 5th. Finally, Mizuho lowered their price objective on shares of McDonald's from $300.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $320.57.

McDonald's Trading Down 0.3%

Shares of NYSE:MCD opened at $252.76 on Friday. The stock has a market capitalization of $178.87 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 2.73 and a beta of 0.41. The stock's 50-day moving average price is $268.25 and its 200-day moving average price is $287.04. McDonald's has a 12-month low of $252.54 and a 12-month high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating analysts' consensus estimates of $3.32 by $0.06. McDonald's had a negative return on equity of 572.06% and a net margin of 31.72%.The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the previous year, the company posted $3.19 EPS. McDonald's's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts predict that McDonald's will post 12.88 EPS for the current year.

Hedge Funds Weigh In On McDonald's

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $30,000. Entrust Financial LLC bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $31,000. Purpose Unlimited Inc. purchased a new stake in McDonald's in the fourth quarter worth $31,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald's in the first quarter worth $33,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's News Roundup

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

• Positive Sentiment: McDonald’s is rolling out a SpongeBob SquarePants and One Piece Happy Meal collaboration, which could boost family traffic, brand engagement and near-term sales. SpongeBob and One Piece Happy Meal collaboration
• Positive Sentiment: New seasonal menu offerings, including a fall latte and an exclusive limited-time meal, could support visits and product interest, although their financial impact is likely limited unless they generate sustained demand. New fall latte
• Neutral Sentiment: National Cheeseburger Day promotions, including free or discounted Double Cheeseburgers, are designed to drive traffic but may also reduce average checks or restaurant margins. National Cheeseburger Day promotion
• Neutral Sentiment: MCD is attracting elevated attention among Zacks users, but the report provides no new earnings, guidance or valuation catalyst to explain a sustained move in the shares. McDonald's investor attention
• Negative Sentiment: Erste Group Bank lowered its FY2027 EPS estimate for McDonald’s to $13.96 from $14.00. While the reduction is small, it reinforces concerns about limited earnings-growth momentum. McDonald's analyst estimate update
• Negative Sentiment: Coverage highlighting MCD’s new one-year low signals continued technical weakness and may encourage additional selling, particularly because the shares remain below their 50-day and 200-day moving averages. McDonald's new one-year low

McDonald's Company Profile

McDonald's Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald's brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald's mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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