McDonald’s (NYSE:MCD) Trading Up 0.1%

McDonald’s Co. (NYSE:MCD) rose 0.1% during trading on Friday . The company traded as high as $259.49 and last traded at $258.30. Approximately 728,755 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,363,767 shares. The stock had previously closed at $258.17.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Truist Financial lowered their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Stifel Nicolaus decreased their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Robert W. Baird decreased their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Citigroup decreased their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Finally, TD Cowen reaffirmed a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Stock Performance

The firm has a market capitalization of $182.55 billion, a PE ratio of 21.93, a PEG ratio of 2.90 and a beta of 0.71. The company has a fifty day simple moving average of $263.91 and a two-hundred day simple moving average of $279.67.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock worth $1,100,625 in the last three months. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s in the first quarter worth about $28,000. Signature Resources Capital Management LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $31,000. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the third quarter valued at approximately $33,000. Clear Investment Research LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $39,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Company Profile

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.