Robert W. Baird Forecasts Strong Price Appreciation for McDonald’s (NYSE:MCD) Stock

McDonald’s (NYSE:MCD) had its price target raised by research analysts at Robert W. Baird from $322.00 to $325.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the fast-food giant’s stock. Robert W. Baird’s target price would indicate a potential upside of 8.44% from the company’s previous close.

A number of other analysts have also recently commented on the company. TD Cowen lifted their price target on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Truist Financial dropped their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Guggenheim reduced their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Barclays dropped their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $323.91.

McDonald’s Trading Up 0.4%

NYSE:MCD opened at $299.71 on Thursday. McDonald’s has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market cap of $213.88 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The company’s 50 day moving average is $304.39 and its two-hundred day moving average is $305.13.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.23 earnings per share. As a group, analysts expect that McDonald’s will post 12.25 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,134 shares of company stock valued at $4,570,716. Company insiders own 0.25% of the company’s stock.

Institutional Trading of McDonald’s

Several institutional investors have recently modified their holdings of MCD. Compass Wealth Management LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $418,000. CFO4Life Group LLC boosted its stake in shares of McDonald’s by 2.1% in the third quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock worth $507,000 after acquiring an additional 34 shares during the last quarter. Harold Davidson & Associates Inc. increased its position in shares of McDonald’s by 44.3% during the third quarter. Harold Davidson & Associates Inc. now owns 7,137 shares of the fast-food giant’s stock worth $2,169,000 after purchasing an additional 2,192 shares in the last quarter. Synovus Financial Corp raised its stake in McDonald’s by 0.5% in the 3rd quarter. Synovus Financial Corp now owns 97,433 shares of the fast-food giant’s stock valued at $29,612,000 after purchasing an additional 478 shares during the last quarter. Finally, Fiscal Wisdom Wealth Management LLC purchased a new position in McDonald’s in the 3rd quarter valued at $675,000. 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.