McDonald's Corp. (NYSE:MCD) was upgraded by analysts at Vetr from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday. The brokerage presently has a $128.73 price objective on the fast-food giant's stock. Vetr's target price would indicate a potential upside of 5.77% from the stock's previous close.
Other large investors have added to or reduced their stakes in the company. LGL Partners LLC raised its stake in McDonald's Corp. by 0.4% in the first quarter. LGL Partners LLC now owns 1,722 shares of the fast-food giant's stock worth $216,000 after buying an additional 7 shares during the period. Howland Capital Management LLC increased its position in McDonald's Corp. by 0.5% in the second quarter. Howland Capital Management LLC now owns 3,172 shares of the fast-food giant's stock valued at $382,000 after buying an additional 15 shares in the last quarter. Baker Boyer National Bank increased its position in McDonald's Corp. by 0.3% in the second quarter. Baker Boyer National Bank now owns 4,633 shares of the fast-food giant's stock valued at $558,000 after buying an additional 15 shares in the last quarter. LifePlan Financial Group Inc increased its position in McDonald's Corp. by 0.9% in the first quarter. LifePlan Financial Group Inc now owns 2,128 shares of the fast-food giant's stock valued at $267,000 after buying an additional 20 shares in the last quarter. Finally, Evanson Asset Management LLC increased its position in McDonald's Corp. by 0.5% in the second quarter. Evanson Asset Management LLC now owns 4,174 shares of the fast-food giant's stock valued at $502,000 after buying an additional 20 shares in the last quarter.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. restated a "buy" rating and issued a $127.00 target price on shares of McDonald's Corp. in a report on Saturday, April 2nd. Deutsche Bank) restated a "buy" rating on shares of McDonald's Corp. in a report on Sunday, April 17th. Zacks Investment Research cut McDonald's Corp. from a "buy" rating to a "hold" rating in a report on Monday, May 2nd. Independent Research GmbH set a $110.00 target price on McDonald's Corp. and gave the stock a "sell" rating in a report on Tuesday, April 26th. Finally, Nomura cut McDonald's Corp. from a "buy" rating to a "neutral" rating in a report on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus target price of $127.97.
In related news, insider Brian Mullens sold 845 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $128.93, for a total transaction of $108,945.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
McDonald's traded down 4.47% during trading on Tuesday, hitting $121.71. The stock had a trading volume of 14,563,682 shares. McDonald's Corp. has a 1-year low of $87.50 and a 1-year high of $131.96. The firm has a market cap of $106.84 billion and a price-to-earnings ratio of 23.39. The firm's 50 day moving average is $122.38 and its 200 day moving average is $122.76.
McDonald's Corp. last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the Zacks' consensus estimate of $1.39 by $0.06. The firm earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. On average, analysts anticipate that McDonald's Corp. will post $5.53 earnings per share for the current year.
McDonald's Corporation (NYSE:MCD) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company's segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.