McDonald's (NYSE:MCD) Upgraded at Erste Group Bank

McDonald's (NYSE:MCD - Get Free Report) was upgraded by stock analysts at Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Robert W. Baird increased their price target on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Loop Capital reaffirmed a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Piper Sandler reduced their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Bank of America increased their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average target price of $323.39.

McDonald's Stock Down 0.6 %

MCD traded down $1.94 during trading on Monday, reaching $305.07. 6,005,281 shares of the company's stock were exchanged, compared to its average volume of 3,336,833. The business has a 50 day moving average price of $298.75 and a 200 day moving average price of $297.46. McDonald's has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market capitalization of $217.96 billion, a P/E ratio of 26.78, a PEG ratio of 3.10 and a beta of 0.71.

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McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts forecast that McDonald's will post 12.25 EPS for the current year.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MCD. Mattern Capital Management LLC boosted its holdings in McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its position in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after buying an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald's during the 4th quarter valued at about $1,628,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald's by 0.9% during the 3rd 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 during the period. Finally, Integral Investment Advisors Inc. grew its stake in shares of McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

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.