McDonald's (NYSE:MCD) Receives "Sell" Rating from Redburn Atlantic

McDonald's (NYSE:MCD - Get Free Report)'s stock had its "sell" rating reissued by investment analysts at Redburn Atlantic in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $260.00 target price on the fast-food giant's stock, down from their previous target price of $319.00. Redburn Atlantic's price objective indicates a potential downside of 13.40% from the company's current price.

MCD has been the topic of several other reports. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Robert W. Baird lifted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Barclays increased their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $321.79.

McDonald's Trading Down 1.5%

Shares of MCD stock traded down $4.53 during trading hours on Tuesday, reaching $300.25. The stock had a trading volume of 4,696,045 shares, compared to its average volume of 3,504,504. The stock's fifty day simple moving average is $312.15 and its 200 day simple moving average is $302.86. The firm has a market capitalization of $214.69 billion, a PE ratio of 26.36, a PEG ratio of 3.10 and a beta of 0.56. McDonald's has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 earnings per share. As a group, equities research analysts anticipate that McDonald's will post 12.25 EPS for the current fiscal year.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On McDonald's

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of McDonald's during the fourth quarter worth $64,805,000. Revolve Wealth Partners LLC grew its stake in McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's in the 4th quarter valued at $27,000. Finally, Soltis Investment Advisors LLC increased its holdings in McDonald's by 2.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 2,946 shares of the fast-food giant's stock valued at $854,000 after acquiring an additional 77 shares during the last quarter. 70.29% of the stock is 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.