In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on McDonald’s (MCD – Research Report), with a price target of $325.00. The company’s shares closed yesterday at $275.58.
According to TipRanks, Fadem is a 5-star analyst with an average return of 14.0% and a 64.19% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Lowe’s, and O’Reilly Auto.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McDonald’s with a $319.35 average price target, which is a 15.88% upside from current levels. In a report released yesterday, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $300.00 price target.
Based on McDonald’s’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.41 billion and a net profit of $2.04 billion. In comparison, last year the company earned a revenue of $5.93 billion and had a net profit of $1.9 billion
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.
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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.
