Wells Fargo Believes McDonald’s Corp (NYSE: MCD) Won’t Stop Here

By Austin Angelo

Wells Fargo analyst Jeff Farmer reiterated a Buy rating on McDonald’s Corp (NYSE: MCD) today and set a price target of $175. The company’s shares opened today at $155.18, close to its 52-week high of $155.46.

According to TipRanks.com, Farmer is a 4-star analyst with an average return of 12.4% and a 73.5% success rate. Farmer covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Brinker International.

Currently, the analyst consensus on McDonald’s Corp is Strong Buy and the average price target is $158.05, representing a 1.8% upside.

In a report issued on June 13, Merrill Lynch also reiterated a Buy rating on the stock with a $175 price target.

The company has a one year high of $155.46 and a one year low of $110.33. Currently, McDonald’s Corp has an average volume of 3.57M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, James Sappington, the Corp Exec VP – Ops & Tech Sys of MCD sold 13,912 shares for a total of $1,967,043.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.