McDonald's Receives 'Moderate Buy' Rating from Brokerages

McDonald's Corporation (NYSE:MCD) has received an average rating of 'Moderate Buy' from brokerages, according to MarketBeat Ratings. This consensus is based on ratings from twenty-seven research firms, with eleven investment analysts recommending a hold, fifteen giving a buy recommendation, and one suggesting a strong buy.

The average 12-month price target among these brokers is $316.39. Several recent reports have revised their price objectives for McDonald's stock. Mizuho dropped its price objective from $300 to $290 with a 'neutral' rating, while Seaport Research Partners assumed coverage and issued a 'neutral' rating.

Sanford C. Bernstein reaffirmed a 'market perform' rating and set a price target of $295. Wells Fargo & Company decreased its target price from $320 to $300 and assigned an 'overweight' rating, while Guggenheim lowered its target price from $320 to $290 with a 'neutral' rating.

Institutional investors have also made changes to their positions in McDonald's stock. Norges Bank purchased a new position worth approximately $2.89 billion, while Diamant Asset Management Inc. increased its stake by 30,979% and now owns over $806 million worth of shares. Other notable investors include J. Stern & Co. LLP and Arrowstreet Capital Limited Partnership.