Robert W. Baird Believes McDonald’s (NYSE: MCD) Won’t Stop Here

By Carrie Williams

Robert W. Baird analyst David Tarantino maintained a Buy rating on McDonald’s (MCDResearch Report) on June 1. The company’s shares closed last Monday at $231.09, close to its 52-week high of $238.18.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 14.4% and a 72.4% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

McDonald’s has an analyst consensus of Strong Buy, with a price target consensus of $257.83, implying a 10.8% upside from current levels. In a report issued on May 20, BTIG also maintained a Buy rating on the stock with a $255.00 price target.

See today’s analyst top recommended stocks >>

Based on McDonald’s’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.12 billion and net profit of $1.54 billion. In comparison, last year the company earned revenue of $4.71 billion and had a net profit of $1.11 billion.

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.

Founded in 1955, McDonald’s Corp. is world’s leading fast food chain that operates and franchises over 30,000 restaurants in more than 100 countries. More than 90% of McDonald’s restaurants are owned and operated by independent local business owners. Its popular products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, McDonald’s Fries, McFlurry desserts, and McCafé beverages, among others. The company is headquartered in Oak Brook, Illinois.