Robert W. Baird Increases McDonald’s (NYSE:MCD) Price Target to $310.00

McDonald’s (NYSE:MCD) had its price target upped by investment analysts at Robert W. Baird from $305.00 to $310.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the fast-food giant’s stock. Robert W. Baird’s price objective would suggest a potential upside of 0.82% from the stock’s previous close.

A number of other research firms have also commented on MCD. Wedbush upped their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America upped their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 0.9 %

Shares of MCD stock opened at $307.47 on Tuesday. The firm has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s has a twelve month low of $243.53 and a twelve month high of $317.90. The stock’s fifty day simple moving average is $291.33 and its 200 day simple moving average is $291.97.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, equities research analysts expect that McDonald’s will post 11.73 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by company insiders.

Institutional Trading of McDonald’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennebec Savings Bank bought a new stake in McDonald’s during the 3rd quarter worth approximately $1,394,000. YANKCOM Partnership bought a new stake in McDonald’s during the 4th quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. grew its holdings in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $2,471,000. 70.29% of the stock is owned by institutional investors.

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, Russia, Spain, and the U.K.