Live Stock Coverage: Is McDonald’s Corporation a Buy? The Stock Rises Again

Live Stock Coverage: Is McDonald's Corporation a Buy? The Stock Rises Again

The stock of McDonald’s Corporation (NYSE:MCD) is a huge mover today! About 1.74 million shares traded hands. McDonald’s Corporation (NYSE:MCD) has declined 10.23% since April 11, 2016 and is downtrending. It has underperformed by 16.38% the S&P500.
The move comes after 9 months positive chart setup for the $94.68 billion company. It was reported on Nov, 11 by Barchart.com. We have $139.67 PT which if reached, will make NYSE:MCD worth $20.83B more.

McDonald’s Corporation (NYSE:MCD) Ratings Coverage

Out of 23 analysts covering McDonald’s Corporation (NYSE:MCD), 13 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 57% are positive. McDonald’s Corporation has been the topic of 53 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Neutral” rating in Tuesday, September 13 report. The rating was downgraded by Argus Research to “Hold” on Monday, August 15. The firm has “Outperform” rating by Credit Suisse given on Tuesday, September 29. The firm has “Outperform” rating by Credit Suisse given on Tuesday, January 26. The stock of McDonald’s Corporation (NYSE:MCD) earned “Market Perform” rating by Cowen & Co on Tuesday, January 26. Deutsche Bank maintained it with “Buy” rating and $130 target price in Friday, October 23 report. The firm earned “Neutral” rating on Wednesday, June 29 by Robert W. Baird. The stock has “Market Perform” rating given by Cowen & Co on Monday, March 28. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, January 26 report. The rating was initiated by SunTrust with “Buy” on Tuesday, October 13.

According to Zacks Investment Research, “McDonald’s Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.04, from 0.76 in 2016Q1. The ratio is negative, as 105 funds sold all McDonald’s Corporation shares owned while 619 reduced positions. 92 funds bought stakes while 432 increased positions. They now own 575.61 million shares or 9.50% less from 636.04 million shares in 2016Q1.
Exane Derivatives, a France-based fund reported 3,160 shares. Gardner Russo Gardner Lc holds 0% or 3,640 shares in its portfolio. Artemis Invest Limited Liability Partnership reported 3,738 shares or 0.01% of all its holdings. S&Co owns 10,890 shares or 0.2% of their US portfolio. Employees Retirement Of Texas last reported 157,000 shares in the company. Roanoke Asset Mgmt Corp Ny, a New York-based fund reported 4,430 shares. Lafayette Invests has 1,837 shares for 0.09% of their US portfolio. First Republic Investment Mngmt reported 146,263 shares or 0.17% of all its holdings. Nichols & Pratt Advisers Limited Liability Partnership Ma has invested 0.1% of its portfolio in McDonald’s Corporation (NYSE:MCD). Concannon Wealth Limited Co accumulated 6.84% or 55,458 shares. Albert D Mason has invested 1.33% of its portfolio in McDonald’s Corporation (NYSE:MCD). Pathstone Family Office Lc holds 88 shares or 0.01% of its portfolio. Canandaigua Commercial Bank & holds 1.2% or 35,107 shares in its portfolio. Stratos Wealth Prns Ltd accumulated 37,142 shares or 0.33% of the stock. Bangor Comml Bank holds 0.22% or 7,594 shares in its portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 2 insider sales for $11.68 million net activity. MCKENNA ANDREW J sold $3.40M worth of stock or 30,000 shares.

More important recent McDonald’s Corporation (NYSE:MCD) news were published by: Finance.Yahoo.com which released: “McDonald’s Corporation (MCD) Gives the Big Mac an Upgrade” on November 04, 2016, also Investorplace.com published article titled: “MCD News: McDonald’s Corporation Pulls Plug on ‘Custom Burger’ Test”, Investorplace.com published: “McDonald’s Corporation Shakes Up C-Suite to Revive Sales (MCD)” on October 17, 2016. More interesting news about McDonald’s Corporation (NYSE:MCD) was released by: Seekingalpha.com and their article: “Dividend Aristocrats In Focus Part 19: McDonald’s Corporation” with publication date: October 29, 2016.

MCD Company Profile

McDonald’s Corporation (McDonald’s), incorporated on December 21, 1964, operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald’s franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Firm is primarily a franchisor, with over 80% of McDonald’s restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor. The Firm uses the developmental license ownership structure in over 70 countries with a total of approximately 5,500 restaurants.

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