McDonald’s (NYSE:MCD) Price Target Lowered to $290.00 at Piper Sandler

McDonald’s (NYSE:MCD) had its price target decreased by Piper Sandler from $297.00 to $290.00 in a report published on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the fast-food giant’s stock.

MCD has been the subject of a number of other research reports. Truist Financial cut their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp reduced their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lifted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.58.

McDonald’s Trading Down 0.0 %

MCD opened at $290.00 on Tuesday. The company’s 50 day moving average is $291.00 and its 200 day moving average is $290.15. The company has a market cap of $207.82 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s has a 12-month low of $243.53 and a 12-month high of $317.90.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated 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 owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter valued at $27,000. Collier Financial bought a new position in shares of McDonald’s in the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the 3rd quarter worth about $31,000. Finally, Marshall Investment Management LLC purchased a new stake in McDonald’s in the 4th quarter valued at about $37,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.