McDonald’s Co. (NYSE:MCD) Receives $315.14 Average PT from Analysts

McDonald’s Co. (NYSE:MCD) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $315.14.

Several analysts have issued reports on the company. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. UBS Group dropped their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. TD Cowen restated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a report on Thursday, June 13th. Robert W. Baird dropped their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Guggenheim dropped their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 completion of the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 2,997 shares of company stock valued at $815,145 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth about $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $31,000. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $33,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $38,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $259.39 on Friday. The business has a fifty day moving average price of $264.43 and a 200 day moving average price of $280.29. McDonald’s has a one year low of $245.73 and a one year high of $302.39. The company has a market cap of $186.94 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the company posted $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

About McDonald’s

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.