Robert W. Baird Upgrades McDonald's Stock Amid Mixed Analyst Sentiment

McDonald's (NYSE:MCD) stock received an upgrade from Robert W. Baird to a 'hold' rating in a research note issued on Monday, according to Zacks.com.

This is not the first time McDonald's has been downgraded or upgraded by various analysts. Erste Group Bank recently downgraded it from a 'buy' rating to a 'hold' rating, while Weiss Ratings cut its rating from 'hold (c+)' to 'hold (c)'. JPMorgan Chase & Co. reduced their price target on McDonald's from $325.00 to $305.00 and set an 'overweight' rating.

Despite the mixed opinions among analysts, McDonald's has a 12-month low of $260.96 and a 12-month high of $341.75. The company's 50-day simple moving average is $271.68, and its 200-day simple moving average is $292.78.

The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion.