Keybanc Rates McDonald's (MCD) buy, $315 Price Target

Keybanc analyst Christopher Carril maintains a buy rating for McDonald's, aiming for a $315 price target, a 16.53% upside from the current price.

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Keybanc rated McDonald's Corporation ($MCD) "buy" with a $315 price target on June 29, 2026.

Since the rating, $MCD is up 4.6% after 1 week, up 1.6% after 1 month and down 8.4% to date (from the $265.29 close on Jun 29, 2026).

MCD McDonald's Corporation
$242.97 -18.31% year to date
Daily close · Oct 16, 2026

Key Points

  • Keybanc reiterated its buy rating on McDonald's with a price target of $315 as of June 29, 2026.
  • Keybanc's $315 price target implies 16.53% upside from McDonald's Corporation's ($MCD) current $270.31 share price.
  • McDonald's shares traded at $269.76 on Monday, with a market cap of about $191.67 billion and a P/E ratio of 22.22.
  • Insiders at McDonald's, including President Joseph Erlinger, were active with planned sales in June 2026.

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Keybanc analyst Christopher Carril reiterated a buy rating on McDonald's Corporation (NYSE: MCD) on June 29, 2026. The firm set a price target of $315 for the fast-food giant. Shares of McDonald's traded at $269.76 on Monday.

Analyst rating track record

Keybanc vs. the S&P 500

YTD return +46.02% hypothetical
All-time return +73.06% S&P 500 +28.94%
vs. S&P 500 +44.12% ahead of the index

Hypothetical returns from Keybanc's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in McDonald's

BlackRock, Inc. increased its holdings in McDonald's by 1,840,739 shares, bringing its total to 55,352,735 shares valued at approximately $17.20 billion. Vanguard Capital Management LLC opened a new position with 46,216,017 shares worth about $14.36 billion. JPMorgan Chase & Co boosted its stake by 5,874,607 shares, holding 37,656,840 shares valued at $11.62 billion. Meanwhile, State Street Corp slightly reduced its position by 550,167 shares, ending with 35,433,830 shares valued at $11.01 billion.

McDonald's Corporation Stock Up 13.4%

Shares of NYSE:MCD traded near $269.76 on Monday. McDonald's Corporation has a market cap of approximately $191.67 billion. The stock's P/E ratio stands at 22.22 and its forward P/E is 18.97. McDonald's has a 52-week low of $264.53 and a high of $341.75. The company's 50-day moving average is $283.51, while the 200-day moving average is $304.17.

12-month forecast

$MCD price target

McDonald's Corporation daily closes and this analyst's $315 target. Not advice.

Recent Earnings

McDonald's reported revenue of $27.45 billion with a growth rate of 9.4%. The company's net margin is 31.6%, and its earnings per share (EPS) is $12.14. McDonald's is set to announce its next earnings on August 6, 2026.

Dividend

McDonald's pays an annual dividend rate of $7.44, offering a yield of 2.76%. The dividend payout ratio is 59.85%.

Insider Buying and Selling at McDonald's Corporation

Joseph Erlinger, President of McDonald's USA, executed several transactions on June 10, 2026. He sold 5,252 shares at an average price of $284.32 under a Rule 10b5-1 plan. On the same day, he also bought 5,252 shares at $157.79. Desiree Ralls-Morrison, EVP and Chief Legal Officer, sold 2,763 shares at $278.36 on May 28, 2026, also under a planned sale.

Analysts Set New Price Targets

On June 29, 2026, Keybanc maintained its buy rating on McDonald's with a $315 price target. JP Morgan also maintained a buy rating with a $305 target on May 11, 2026. Barclays and Evercore ISI Group both set a $350 target while maintaining buy ratings on May 8, 2026. The consensus among analysts is a buy rating with an average target price of $330.94 based on 32 opinions.

About McDonald's Corporation

McDonald's Corporation, based in Chicago, Illinois, is a leading global fast-food chain. The company operates and franchises restaurants under the McDonald's brand, offering a variety of food and beverages including hamburgers, chicken sandwiches, fries, and breakfast items. Led by CEO Christopher J. Kempczinski, McDonald's employs around 150,000 people worldwide.

Bottom Line

Keybanc's reiteration of a buy rating for McDonald's with a $315 target highlights confidence in the company's performance. Investors keep a close watch on such analyst actions, though it's important to remember that these ratings reflect the analysts' views at the time and may not predict future performance. As always, the 13F filings and analyst ratings provide insights into institutional and expert perspectives.

Source: Keybanc's rating change on $MCD (Jun 29, 2026). Written by software, not financial advice. How we make alerts

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