McDonald’s Co. (NYSE:MCD) Receives $317.74 Consensus Target Price from Brokerages

Shares of McDonald’s Co. (NYSE:MCDGet Free Report) have received an average rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $317.74.

Several brokerages recently commented on MCD. Guggenheim reduced their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Citigroup dropped their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Wedbush dropped their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Check Out Our Latest Research Report on McDonald’s

McDonald’s Trading Up 0.1 %

MCD opened at $258.11 on Tuesday. McDonald’s has a 1-year low of $245.73 and a 1-year high of $302.39. The stock has a market capitalization of $186.02 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.91 and a beta of 0.71. The business has a 50 day moving average of $272.79 and a 200-day moving average of $283.37.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.63 earnings per share. Equities analysts predict that McDonald’s will post 12.17 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,096 shares of company stock worth $1,127,678. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in McDonald’s by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares in the last quarter. Northern Trust Corp increased its position in shares of McDonald’s by 1.7% during the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares during the last quarter. Norges Bank acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $2,684,899,000. Price T Rowe Associates Inc. MD increased its position in shares of McDonald’s by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC increased its position in shares of McDonald’s by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

(Get Free Report

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

Recommended Stories

Analyst Recommendations for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.