McDonald’s (NYSE:MCD) Given New $280.00 Price Target at Guggenheim

McDonald’s (NYSE:MCD) had its target price lowered by research analysts at Guggenheim from $315.00 to $280.00 in a research note issued on Tuesday, Briefing.com reports. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Guggenheim’s price target would indicate a potential upside of 12.41% from the company’s current price.

Several other equities analysts have also weighed in on MCD. BMO Capital Markets reduced their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. UBS Group dropped their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus dropped their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Truist Financial dropped their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Citigroup dropped their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $313.89.

McDonald’s Trading Down 0.4 %

Shares of MCD stock traded down $0.90 during trading on Tuesday, hitting $249.09. The company’s stock had a trading volume of 389,206 shares, compared to its average volume of 3,408,932. The company has a market cap of $179.51 billion, a PE ratio of 21.20, a P/E/G ratio of 2.87 and a beta of 0.71. The business has a fifty day moving average of $263.31 and a 200-day moving average of $279.07. McDonald’s has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the company posted $2.63 earnings per share. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts predict that McDonald’s will post 12.19 EPS for the current year.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock worth $1,100,625 in the last quarter. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its position in shares of McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after buying an additional 35 shares during the last quarter. Concentric Wealth Management LLC raised its position in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after buying an additional 35 shares during the last quarter. Paragon Capital Management Ltd raised its position in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares during the last quarter. Mechanics Financial Corp raised its position in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after buying an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its position in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after buying an additional 36 shares during the last quarter. Institutional investors 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.