McDonald’s (NYSE:MCD) Shares Up 3.3%

McDonald’s Co. (NYSE:MCD)’s stock price rose 3.3% during mid-day trading on Monday . The company traded as high as $263.25 and last traded at $260.40. Approximately 4,143,411 shares were traded during trading, an increase of 19% from the average daily volume of 3,481,316 shares. The stock had previously closed at $252.00.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. Guggenheim cut their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Morgan Stanley cut their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. cut their price objective on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.81.

McDonald’s Price Performance

The firm has a 50 day moving average of $255.44 and a two-hundred day moving average of $273.52. The stock has a market cap of $189.24 billion, a PE ratio of 22.28, a PEG ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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 business had revenue of $6.17 billion for 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 EPS. As a group, equities analysts anticipate that McDonald’s Co. will post 12.05 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on 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 owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,594 shares of company stock worth $1,454,507. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MCD. Norges Bank acquired a new position in McDonald’s during the fourth quarter worth $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its holdings in McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares during the period. Capital Research Global Investors grew its holdings in McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares during the period. International Assets Investment Management LLC grew its holdings in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares during the period. Finally, Swedbank AB acquired a new position in McDonald’s during the first quarter worth $348,206,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

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.