J.P. Morgan analyst John Ivankoe maintained a Buy rating on McDonald’s (MCD – Research Report) today and set a price target of $300.00. The company’s shares opened today at $279.20.
Ivankoe covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Texas Roadhouse, and Yum! Brands. According to TipRanks, Ivankoe has an average return of 9.3% and a 63.43% success rate on recommended stocks.
In addition to J.P. Morgan, McDonald’s also received a Buy from TD Cowen’s Andrew Charles in a report issued today. However, on the same day, Citi maintained a Hold rating on McDonald’s (NYSE: MCD).
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MCD market cap is currently $201.1B and has a P/E ratio of 24.14.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCD in relation to earlier this year. Last month, Edith Morgan Flatley, the EVP – Global CMO of MCD sold 4,346.00 shares for a total of $1,283,460.72.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
McDonald’s (MCD) Company Description:
Founded in 1955, McDonald’s Corp. is world’s leading fast food chain that operates and franchises over 30,000 restaurants in more than 100 countries. More than 90% of McDonald’s restaurants are owned and operated by independent local business owners. Its popular products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, McDonald’s Fries, McFlurry desserts, and McCafé beverages, among others. The company is headquartered in Oak Brook, Illinois.
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