Stifel Nicolaus Issues Positive Forecast for McDonald's (NYSE:MCD) Stock Price

Key Points

• Stifel Nicolaus has raised its price target for McDonald's stock from $300.00 to $315.00, suggesting a potential upside of 0.59% from its previous close.
• The stock currently has a consensus rating of Hold from thirteen Buy, fourteen Hold, and two Sell ratings, with an average price target of $326.38.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding analyst estimates of $3.15.

McDonald's (NYSE:MCD - Get Free Report) had its price objective raised by equities researchers at Stifel Nicolaus from $300.00 to $315.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "hold" rating on the fast-food giant's stock. Stifel Nicolaus' target price suggests a potential upside of 0.59% from the stock's previous close.

Several other analysts also recently issued reports on MCD. Melius started coverage on McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. Morgan Stanley raised their target price on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Citigroup raised their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Redburn Atlantic restated a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. raised their target price on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average price target of $326.38.

McDonald's Trading Up 0.0%

Shares of MCD opened at $313.1550 on Friday. The firm has a market capitalization of $223.47 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. The stock's fifty day simple moving average is $298.77 and its 200 day simple moving average is $305.56. McDonald's has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. Sell-side analysts predict that McDonald's will post 12.25 earnings per share for the current year.

Insider Activity

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the sale, the chief marketing officer owned 7,882 shares in the company, valued at $2,392,187. The trade was a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock worth $2,229,327 over the last ninety days. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Nova Wealth Management Inc. acquired a new position in McDonald's in the first quarter worth approximately $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald's during the 1st quarter valued at $26,000. Decker Retirement Planning Inc. boosted its stake in shares of McDonald's by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant's stock valued at $25,000 after buying an additional 50 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald's during the 2nd quarter valued at $25,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's during the 4th quarter valued at $25,000. Institutional investors and hedge funds own 70.29% of the company's stock.

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.

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