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

McDonald’s Co. (NYSE:MCDGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the company, Marketbeat.com reports. Nine 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 analysts that have issued ratings on the stock in the last year is $315.14.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Truist Financial lowered their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Finally, Bank of America decreased their target price on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th.

View Our Latest Stock Analysis on McDonald’s

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were 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 approximately $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were 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 owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock valued at $1,127,678 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. lifted its stake in McDonald’s by 47.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,191 shares of the fast-food giant’s stock worth $314,000 after purchasing an additional 382 shares during the period. Rafferty Asset Management LLC lifted its position in shares of McDonald’s by 8.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 58,011 shares of the fast-food giant’s stock worth $15,282,000 after buying an additional 4,482 shares during the period. Phoenix Holdings Ltd. grew its position in McDonald’s by 20.2% in the third quarter. Phoenix Holdings Ltd. now owns 11,832 shares of the fast-food giant’s stock valued at $3,117,000 after acquiring an additional 1,989 shares during the period. QRG Capital Management Inc. acquired a new position in McDonald’s during the third quarter worth $20,959,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in McDonald’s during the third quarter worth $6,110,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.1 %

MCD stock opened at $250.79 on Friday. The firm has a 50-day moving average of $264.89 and a two-hundred day moving average of $280.67. The firm has a market capitalization of $180.74 billion, a PE ratio of 21.29, a P/E/G ratio of 2.85 and a beta of 0.71. McDonald’s has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly 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). 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 analysts’ expectations of $6.16 billion. During the same quarter last year, the company posted $2.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.66%. McDonald’s’s dividend payout ratio is presently 56.71%.

McDonald’s Company Profile

(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.

See Also

Analyst Recommendations for McDonald's (NYSE:MCD)

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