McDonald's (NYSE:MCD) Price Target Raised to $355.00

McDonald's (NYSE:MCD - Get Free Report) had its price target hoisted by stock analysts at Barclays from $347.00 to $355.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the fast-food giant's stock. Barclays's price objective would suggest a potential upside of 13.86% from the company's current price.

A number of other research analysts have also recently commented on the company. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup reduced their target price on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Loop Capital reissued a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Finally, Bank of America upped their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average price target of $324.78.

McDonald's Stock Performance

MCD stock traded down $1.86 on Friday, reaching $311.78. The company's stock had a trading volume of 3,993,557 shares, compared to its average volume of 3,567,018. The firm has a market cap of $222.95 billion, a PE ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.62. The business has a fifty day simple moving average of $309.14 and a two-hundred day simple moving average of $300.09. 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 posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period last year, the company posted $2.70 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that McDonald's will post 12.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. Company insiders own 0.25% of the company's stock.

Institutional Trading of McDonald's

Large investors have recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC lifted its position in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC raised its position in shares of McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares during the last quarter. Northeast Financial Consultants Inc grew its position in McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after acquiring an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its position in McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after purchasing an additional 34 shares during the period. 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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