McDonald’s (NYSE:MCD) Price Target Raised to $390.00

McDonald’s (NYSE:MCD) had its price target upped by Tigress Financial from $385.00 to $390.00 in a research note released on Friday,Benzinga reports. Tigress Financial currently has a buy rating on the fast-food giant’s stock.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $325.00 price target on shares of McDonald’s in a report on Thursday, July 9th. Morgan Stanley dropped their price objective on shares of McDonald’s from $331.00 to $322.00 and set an “equal weight” rating on the stock in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating on shares of McDonald’s in a research report on Monday, June 22nd. Robert W. Baird set a $305.00 target price on McDonald’s in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their price target on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $336.32.

McDonald’s Stock Performance

Shares of MCD stock opened at $267.74 on Friday. McDonald’s has a fifty-two week low of $264.09 and a fifty-two week high of $341.75. The firm has a market capitalization of $190.23 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.78 and a beta of 0.41. The stock’s 50-day simple moving average is $277.07 and its 200-day simple moving average is $300.28.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating the consensus estimate of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. McDonald’s’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $2.67 EPS. As a group, equities analysts forecast that McDonald’s will post 12.86 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 61.34%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,681 shares of company stock valued at $2,456,440 in the last quarter. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MCD. Your Advocates Ltd. LLP purchased a new stake in McDonald’s during the fourth quarter worth $27,000. Park Place Capital Corp increased its holdings in McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 45 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s in the fourth quarter valued at $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s in the fourth quarter worth about $30,000. Finally, DecisionPoint Financial LLC raised its position in shares of McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Tigress Financial raised its price target on McDonald’s to $390 from $385 and reiterated a buy rating, signaling confidence that the stock has meaningful upside from current levels.
• Positive Sentiment: Analyst coverage and commentary continue to highlight McDonald’s value offerings, loyalty efforts, localized marketing, and menu innovation as ways the company can support customer traffic and defend sales trends.
• Neutral Sentiment: McDonald’s is expected to report second-quarter earnings next month, with consensus calling for modest single-digit profit growth, keeping investor focus on whether traffic and margins improve.
• Neutral Sentiment: Recent product news, including the new Caesar sauce and other menu rollouts, is generating consumer interest, but the items appear more promotional than clearly material to near-term earnings.
• Negative Sentiment: Articles questioning why McDonald’s stock is at nearly two-year lows and noting a 10.1% decline over the past six months versus a rising S&P 500 suggest investors are worried about relative underperformance and slowing momentum.
• Negative Sentiment: Commentary describing a “McProblem” that is not getting better points to continuing concerns about business execution, customer traffic, or overall sentiment toward the stock.
• Negative Sentiment: One recent piece also urged investors to stay skeptical, indicating that while the stock may look attractive to some value investors, there are still fundamental questions weighing on shares.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.