McDonald’s (NYSE:MCD) Shares Up 1.3%

Shares of McDonald’s Co. (NYSE:MCD) traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $262.05 and last traded at $260.73. 1,032,911 shares were traded during mid-day trading, a decline of 70% from the average session volume of 3,445,833 shares. The stock had previously closed at $257.27.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group lowered their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup dropped their price objective on shares of McDonald’s from $297.00 to $280.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 13th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $310.71.

McDonald’s Trading Up 1.3 %

The firm’s 50-day moving average price is $257.95 and its two-hundred day moving average price is $275.62. The stock has a market cap of $187.76 billion, a PE ratio of 22.14, a PEG ratio of 2.84 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released 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 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 the consensus estimate of $6.16 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on 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 $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,593 shares of company stock valued at $1,472,518 in the last 90 days. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Large investors have recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the first quarter valued at about $28,000. Signature Resources Capital Management LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the 4th quarter worth approximately $39,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at $39,000. 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.