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Robert W. Baird Believes McDonald’s (MCD) Won’t Stop Here

In a report issued on September 2, David Tarantino from Robert W. Baird maintained a Buy rating on McDonald’s (MCDResearch Report). The company’s shares closed last Tuesday at $244.52, close to its 52-week high of $249.95.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 14.4% and a 71.7% 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 $268.39, an 8.3% upside from current levels. In a report issued on September 22, Oppenheimer also reiterated a Buy rating on the stock with a $270.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on McDonald’s’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.89 billion and net profit of $2.22 billion. In comparison, last year the company earned revenue of $3.76 billion and had a net profit of $484 million.

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.

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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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