McDonald’s (NYSE:MCD) Trading 0.1% Higher

McDonald’s Co. (NYSE:MCD)’s stock price traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $266.91 and last traded at $266.39. 597,399 shares changed hands during trading, a decline of 81% from the average session volume of 3,212,334 shares. The stock had previously closed at $266.23.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lowered their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Stephens reaffirmed an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Finally, Royal Bank of Canada lowered their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Trading Up 1.7 %

The firm has a market capitalization of $194.64 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The company has a fifty day moving average price of $283.86 and a 200-day moving average price of $280.69.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 EPS. As a group, sell-side analysts predict that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio is 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC raised its stake in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after acquiring an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its stake in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after acquiring an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after acquiring an additional 301 shares in the last quarter. Mengis Capital Management Inc. raised its stake in shares of McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC raised its stake in shares of McDonald’s by 7.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after acquiring an additional 88 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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.