McDonald's (NYSE:MCD) Earns Neutral Rating from BTIG Research

Key Points

• BTIG Research has restated its "neutral" rating on McDonald's stock, which is currently priced at $307.01.
• Recent target price revisions include increases from JPMorgan and Barclays to $310.00 and $362.00, respectively, with an overall consensus price target of $324.50.
• McDonald's reported strong quarterly earnings with $3.19 earnings per share, exceeding expectations, and experienced a year-over-year revenue growth of 5.4%.

McDonald's (NYSE:MCD - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at BTIG Research in a research note issued on Friday,Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Barclays increased their target price on shares of McDonald's from $360.00 to $362.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company reduced their target price on shares of McDonald's from $350.00 to $340.00 and set an "overweight" rating on the stock in a research note on Thursday, October 16th. Stifel Nicolaus increased their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. Finally, BMO Capital Markets increased their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $324.50.

McDonald's Stock Down 1.0%

McDonald's stock opened at $307.01 on Friday. The company has a market cap of $219.08 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.28 and a beta of 0.50. The firm's fifty day moving average is $306.55 and its 200 day moving average is $305.56. McDonald's has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald's's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 earnings per share. On average, equities research analysts anticipate that McDonald's will post 12.25 earnings per share for the current fiscal year.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,463 shares of company stock valued at $1,692,186. Company insiders own 0.25% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First American Trust FSB increased its position in McDonald's by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after purchasing an additional 13,234 shares during the period. Banque Transatlantique SA boosted its holdings in shares of McDonald's by 58.0% in the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after buying an additional 91,313 shares in the last quarter. Hamilton Capital LLC boosted its holdings in shares of McDonald's by 35.2% in the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after buying an additional 819 shares in the last quarter. Welch Group LLC boosted its holdings in shares of McDonald's by 1.1% in the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant's stock valued at $60,188,000 after buying an additional 2,180 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its holdings in shares of McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after buying an additional 109 shares in the last quarter. Hedge funds and other 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, Spain, and the U.K.

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