Robert W. Baird Cuts McDonald's (NYSE:MCD) Price Target to $300.00

McDonald's (NYSE:MCD - Get Free Report) had its price target dropped by equities researchers at Robert W. Baird from $310.00 to $300.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the fast-food giant's stock. Robert W. Baird's price objective points to a potential downside of 2.59% from the stock's previous close.

Several other equities analysts have also recently weighed in on MCD. TD Securities reiterated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Truist Financial decreased their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Loop Capital restated a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. Morgan Stanley decreased their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Finally, Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $322.87.

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McDonald's Trading Up 0.4 %

NYSE:MCD traded up $1.20 during trading hours on Monday, reaching $307.98. The company had a trading volume of 1,854,655 shares, compared to its average volume of 3,569,672. The firm has a market cap of $220.04 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.10 and a beta of 0.62. The firm's 50 day moving average price is $305.71 and its 200-day moving average price is $298.97. McDonald's has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. On average, analysts forecast that McDonald's will post 12.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

Institutional Trading of McDonald's

Hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in McDonald's during the third quarter valued at approximately $25,000. Mascagni Wealth Management Inc. purchased a new stake in McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald's during the fourth quarter worth $27,000. Finally, Collier Financial bought a new position in McDonald's during the fourth quarter valued at $29,000. 70.29% of the stock is currently owned by hedge funds and other 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, Spain, and the U.K.