McDonald's (NYSE:MCD) Price Target Raised to $365.00 at Citigroup

McDonald's (NYSE:MCD - Get Free Report) had its price objective increased by investment analysts at Citigroup from $364.00 to $365.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the fast-food giant's stock. Citigroup's price target suggests a potential upside of 24.43% from the company's previous close.

Several other equities research analysts also recently weighed in on MCD. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays boosted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. KeyCorp cut their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Finally, Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $321.46.

McDonald's Stock Performance

Shares of MCD stock traded up $1.66 on Wednesday, hitting $293.33. 3,206,117 shares of the stock traded hands, compared to its average volume of 3,536,947. The stock has a market capitalization of $209.74 billion, a PE ratio of 25.89, a PEG ratio of 3.06 and a beta of 0.53. McDonald's has a twelve month low of $243.53 and a twelve month high of $326.32. The firm's 50-day moving average price is $305.18 and its two-hundred day moving average price is $302.45.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results 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. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald's will post 12.25 EPS for the current fiscal year.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last quarter. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in McDonald's during the fourth quarter valued at $25,000. Atala Financial Inc purchased a new position in McDonald's in the 4th quarter worth approximately $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald's during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald's during the 1st quarter worth approximately $26,000. Finally, Pinney & Scofield Inc. purchased a new stake in McDonald's during the 4th quarter valued at $29,000. 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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