McDonald’s (MCD) Receives a Buy from Robert W. Baird

Robert W. Baird analyst David Tarantino maintained a Buy rating on McDonald’s (MCDResearch Report) on September 7. The company’s shares closed last Tuesday at $241.13, close to its 52-week high of $247.05.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 15.9% and a 74.8% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for McDonald’s with a $267.91 average price target.

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McDonald’s’ market cap is currently $180.1B and has a P/E ratio of 26.20. The company has a Price to Book ratio of -20.98.

Based on the recent corporate insider activity of 13 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 July 2021, Kevin Ozan, the EVP & CFO of MCD sold 47,649 shares for a total of $11,621,591.

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.

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.