KeyBanc Sticks to Their Buy Rating for McDonald’s (MCD)

KeyBanc analyst Eric Gonzalez maintained a Buy rating on McDonald’s today and set a price target of $345.00.

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According to TipRanks, Gonzalez is a 4-star analyst with an average return of 6.9% and a 54.03% success rate. Gonzalez covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Darden Restaurants, and Restaurant Brands International.

In a report released on April 13, Jefferies also maintained a Buy rating on the stock with a $375.00 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 49 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. Earlier this month, Joseph M. Erlinger, the President of MCD sold 2,626.00 shares for a total of $806,182.00.