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

McDonald's (NYSE:MCD - Get Free Report) had its price objective increased by analysts at Piper Sandler from $292.00 to $314.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the fast-food giant's stock. Piper Sandler's target price would suggest a potential upside of 0.71% from the company's current price.

MCD has been the topic of several other research reports. Wedbush raised their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Robert W. Baird raised their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Barclays dropped their price objective on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Ten 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $325.26.

McDonald's Stock Down 0.6 %

NYSE:MCD traded down $1.86 during mid-day trading on Friday, reaching $311.78. 3,993,672 shares of the company were exchanged, compared to its average volume of 3,572,677. McDonald's has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a fifty day moving average of $309.16 and a 200 day moving average of $299.99. The stock 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.

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 for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company earned $2.70 EPS. The business's quarterly revenue 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.

Insiders Place Their Bets

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

Institutional Investors Weigh In On McDonald's

Hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's in the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald's during the 4th quarter worth about $29,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of McDonald's during the 4th quarter worth about $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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.