According to TipRanks.com, Tarantino is a 4-star analyst with an average return of 6.8% and a 54.8% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.
McDonald’s has an analyst consensus of Strong Buy, with a price target consensus of $281.00, a 14.5% upside from current levels. In a report issued on April 28, Barclays 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 March 31, the company reported a quarterly revenue of $5.67 billion and net profit of $1.1 billion. In comparison, last year the company earned revenue of $5.12 billion and had a net profit of $1.54 billion.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is neutral on the stock.
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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.
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