McDonald’s (MCD) Receives a Rating Update from a Top Analyst

In a report released on April 12, Jake Bartlett from Truist Financial maintained a Buy rating on McDonald’s (MCD – Research Report), with a price target of $337.00. The company’s shares closed last Friday at $267.39.

According to TipRanks, Bartlett is a top 100 analyst with an average return of 18.8% and a 63.12% success rate. Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Shake Shack, and Wingstop.

In addition to Truist Financial, McDonald’s also received a Buy from Morgan Stanley’s John Glass in a report issued on April 12. However, on April 11, Stifel Nicolaus maintained a Hold rating on McDonald’s (NYSE: MCD).

MCD market cap is currently $192.8B and has a P/E ratio of 23.12.

Based on the recent corporate insider activity of 45 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. Most recently, in February 2024, 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.