UBS Sticks to Their Buy Rating for McDonald’s (MCD)

UBS analyst Dennis Geiger maintained a Buy rating on McDonald’s (MCD – Research Report) today and set a price target of $305.00. The company’s shares opened today at $253.55.

Geiger covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Starbucks, and Texas Roadhouse. According to TipRanks, Geiger has an average return of 5.1% and a 53.33% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McDonald’s with a $302.13 average price target, representing a 19.16% upside. In a report released today, Barclays also assigned a Buy rating to the stock with a $320.00 price target.

The company has a one-year high of $302.39 and a one-year low of $243.53. Currently, McDonald’s has an average volume of 3.75M.

Based on the recent corporate insider activity of 55 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. Earlier this month, Marion K. Gross, the EVP-Chief Supply Chain Officer of MCD sold 1,498.00 shares for a total of $371,893.48.

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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.