McDonald's (NYSE:MCD) Stock Price Expected to Rise, Citigroup Analyst Says

McDonald's (NYSE:MCD - Get Free Report) had its target price upped by research analysts at Citigroup from $364.00 to $365.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the fast-food giant's stock. Citigroup's target price points to a potential upside of 21.75% from the stock's previous close.

MCD has been the subject of several other reports. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Truist Financial raised their target price on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley reiterated an "equal weight" rating and set a $324.00 price target (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $322.29.

McDonald's Stock Up 0.5%

NYSE MCD traded up $1.41 on Wednesday, reaching $299.80. The company had a trading volume of 4,494,100 shares, compared to its average volume of 3,528,540. The stock has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53. The company's fifty day moving average is $304.11 and its 200 day moving average is $302.48. McDonald's has a 52-week low of $246.12 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the firm posted $2.70 EPS. The business's revenue was down 3.5% compared to the same quarter last year. On average, research analysts expect that McDonald's will post 12.25 EPS for the current year.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock worth $1,165,843 over the last ninety days. Insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On McDonald's

A number of large investors have recently made changes to their positions in the business. Mitchell & Pahl Private Wealth LLC grew its position in shares of McDonald's by 1.9% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 9,964 shares of the fast-food giant's stock worth $2,911,000 after buying an additional 190 shares during the last quarter. Ullmann Wealth Partners Group LLC grew its position in shares of McDonald's by 3.8% in the 2nd quarter. Ullmann Wealth Partners Group LLC now owns 1,674 shares of the fast-food giant's stock worth $489,000 after buying an additional 61 shares during the last quarter. Orrstown Financial Services Inc. grew its position in shares of McDonald's by 16.6% in the 2nd quarter. Orrstown Financial Services Inc. now owns 3,731 shares of the fast-food giant's stock worth $1,090,000 after buying an additional 532 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of McDonald's by 31.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 22,353 shares of the fast-food giant's stock worth $6,531,000 after buying an additional 5,377 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. grew its position in shares of McDonald's by 3.2% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 17,564 shares of the fast-food giant's stock worth $5,132,000 after buying an additional 539 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

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.