Jefferies Reaffirms Their Buy Rating on McDonald’s (MCD)

In a report released today, Andy Barish from Jefferies maintained a Buy rating on McDonald’s, with a price target of $375.00.

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Barish covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Starbucks, and Dutch Bros Inc. According to TipRanks, Barish has an average return of 7.3% and a 54.43% success rate on recommended stocks.

In a report released on April 6, Oppenheimer also maintained a Buy rating on the stock with a $355.00 price target.

Based on McDonald’s’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.01 billion and a net profit of $2.16 billion. In comparison, last year the company earned a revenue of $6.39 billion and had a net profit of $2.02 billion

Based on the recent corporate insider activity of 47 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. Last month, Joseph M. Erlinger, the President of MCD sold 333.00 shares for a total of $104,385.51.