McDonald’s (NYSE:MCD) Trading 0.6% Higher

McDonald’s Co. (NYSE:MCD) shares traded up 0.6% on Monday . The company traded as high as $261.16 and last traded at $260.85. 760,875 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 3,363,294 shares. The stock had previously closed at $259.39.

Analysts Set New Price Targets

A number of equities analysts have commented on MCD shares. Wedbush cut their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 13th. Guggenheim reduced their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Truist Financial dropped their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Price Performance

The company has a market cap of $185.81 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The business has a 50 day moving average of $264.15 and a 200 day moving average of $279.82.

McDonald’s (NYSE:MCD) last posted its 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 negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the business posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s 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 sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock worth $1,100,625 in the last quarter. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in McDonald’s during the 4th quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its position in shares of 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 valued at $1,664,521,000 after buying an additional 5,609,736 shares during the last quarter. Capital Research Global Investors increased its holdings in McDonald’s by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after buying an additional 2,193,769 shares in the last quarter. International Assets Investment Management LLC raised its position in McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after buying an additional 2,154,297 shares during the last quarter. Finally, Swedbank AB bought a new position in McDonald’s during the 1st quarter valued at about $348,206,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

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.