Short Term Price Target on McDonalds Corporation (MCD)

McDonalds Corporation (NYSE:MCD) : Average target price received by McDonalds Corporation (NYSE:MCD) is $130 with an expected standard deviation of $13.76. The most aggressive target on the stock is $145, whereas the most downbeat target is $95. 16 financial analysts are currently covering the stock.

McDonalds Corp. has lost 0.72% in the last five trading days and dropped 0.61% in the last 4 weeks. McDonalds Corp. has dropped 4.56% during the last 3-month period . Year-to-Date the stock performance stands at 3.39%. Also, Equity Analysts at the Nomura downgrades the rating on McDonalds Corporation (NYSE:MCD). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 22, 2016.

McDonalds Corporation (NYSE:MCD) : 24 analysts are covering McDonalds Corporation (NYSE:MCD) and their average rating on the stock is 2.42, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. McDonalds Corporation (NYSE:MCD) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

McDonalds Corporation (NYSE:MCD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.68 and $119.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $120.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $120.34, notching a gain of 0.71% for the day. The total traded volume was 4,808,068 . The stock had closed at $119.49 on the previous day.

In an insider trading activity,The officer (Corp Sr Vice Pres – Controller) of Mcdonalds Corp, Mullens Brian sold 845 shares at $128.93 on May 3, 2016. The Insider selling transaction had a total value worth of $108,946. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Companys operations in Canada and Latin America, as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu, including hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, French fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise, developmental license or affiliate.

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