BMO Capital Markets Reaffirms Outperform Rating for McDonald's (NYSE:MCD)

BMO Capital Markets restated their outperform rating on shares of McDonald's (NYSE:MCD - Free Report) in a research report sent to investors on Monday, Marketbeat reports. BMO Capital Markets currently has a $345.00 price objective on the fast-food giant's stock, up from their previous price objective of $340.00.

A number of other research analysts have also recently issued reports on MCD. Piper Sandler lifted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Truist Financial cut their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Bank of America raised their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Citigroup upped their price target on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

Shares of MCD stock traded down $4.52 during mid-day trading on Monday, hitting $313.61. The company's stock had a trading volume of 2,128,543 shares, compared to its average volume of 3,567,116. The company has a market cap of $224.26 billion, a PE ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.57. The company's fifty day simple moving average is $309.74 and its 200-day simple moving average is $300.13. McDonald's has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during 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 for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 earnings per share. On average, equities analysts anticipate that McDonald's will post 12.25 earnings per share for the current year.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of McDonald's

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's in the fourth quarter valued at $27,000. Abound Financial LLC bought a new position in McDonald's in the 1st quarter worth $30,000. Finally, Collier Financial purchased a new stake in shares of McDonald's in the 4th quarter worth about $29,000. Institutional investors own 70.29% of the company's stock.

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.