McDonald's (NYSE:MCD) Rating Reiterated by TD Cowen

McDonald's (NYSE:MCD - Get Free Report)'s stock had its "buy" rating restated by research analysts at TD Cowen in a research report issued on Tuesday, Benzinga reports. They presently have a $305.00 price objective on the fast-food giant's stock. TD Cowen's price target would indicate a potential upside of 11.69% from the company's current price.

Several other research analysts have also recently issued reports on MCD. Stephens reissued an "overweight" rating and set a $320.00 target price on shares of McDonald's in a report on Monday, February 5th. Erste Group Bank reaffirmed a "hold" rating on shares of McDonald's in a report on Wednesday, April 3rd. Morgan Stanley dropped their target price on shares of McDonald's from $327.00 to $320.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Wedbush dropped their target price on shares of McDonald's from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Citigroup dropped their target price on shares of McDonald's from $312.00 to $297.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $317.67.

McDonald's Trading Down 0.2 %

Shares of NYSE:MCD traded down $0.48 on Tuesday, hitting $273.07. 6,893,865 shares of the company were exchanged, compared to its average volume of 3,313,933. McDonald's has a 1-year low of $245.73 and a 1-year high of $302.39. The stock's 50 day moving average price is $281.31 and its 200 day moving average price is $282.15. The firm has a market capitalization of $196.89 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that McDonald's will post 12.34 EPS for the current fiscal year.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company's stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company's stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company's stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MCD. Vicus Capital acquired a new position in shares of McDonald's in the 3rd quarter valued at $306,000. Kingswood Wealth Advisors LLC boosted its stake in McDonald's by 74.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,328 shares of the fast-food giant's stock worth $877,000 after purchasing an additional 1,422 shares during the period. Pinnacle Associates Ltd. boosted its stake in McDonald's by 0.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 53,761 shares of the fast-food giant's stock worth $14,163,000 after purchasing an additional 402 shares during the period. Clear Creek Financial Management LLC boosted its stake in McDonald's by 31.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,566 shares of the fast-food giant's stock worth $412,000 after purchasing an additional 378 shares during the period. Finally, Financial Management Network Inc. boosted its stake in McDonald's by 9.8% during the 3rd quarter. Financial Management Network Inc. now owns 5,015 shares of the fast-food giant's stock worth $1,283,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

About McDonald's

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.