McDonald's (NYSE:MCD) Earns Hold Rating from TD Securities

McDonald's (NYSE:MCD - Get Free Report)'s stock had its "hold" rating reissued by analysts at TD Securities in a report issued on Thursday,Benzinga reports. They presently have a $305.00 price objective on the fast-food giant's stock. TD Securities' price objective suggests a potential downside of 1.22% from the company's current price.

A number of other equities research analysts have also recently commented on the company. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $326.13.

McDonald's Trading Down 0.9%

NYSE MCD traded down $2.81 during trading hours on Thursday, hitting $308.76. 3,810,886 shares of the company's stock were exchanged, compared to its average volume of 3,495,572. The stock has a 50-day simple moving average of $312.49 and a 200 day simple moving average of $302.34. McDonald's has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $220.78 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm posted $2.70 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald's will post 12.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of McDonald's

Several hedge funds have recently made changes to their positions in the company. WealthPlan Investment Management LLC raised its stake in shares of McDonald's by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after buying an additional 32 shares during the period. Granite Bay Wealth Management LLC raised its stake in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC raised its stake in shares of McDonald's by 1.9% in the first 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 during the period. Consilium Wealth Advisory LLC raised its stake in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the period. Finally, Security Financial Services INC. raised its stake in shares of McDonald's by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after buying an additional 33 shares during the period. 70.29% of the stock is currently owned by institutional investors.

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.