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, 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.

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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.

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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.