Stifel Nicolaus Trims McDonald’s (NYSE:MCD) Target Price to $265.00

McDonald’s (NYSE:MCD) had its price objective decreased by Stifel Nicolaus from $285.00 to $265.00 in a research report sent to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the fast-food giant’s stock.

MCD has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their target price on McDonald’s from $310.00 to $295.00 and set a buy rating for the company in a research report on Tuesday, July 16th. Bank of America reduced their price objective on McDonald’s from $302.00 to $288.00 and set a neutral rating for the company in a research report on Tuesday, May 28th. Citigroup reduced their price objective on McDonald’s from $297.00 to $280.00 and set a neutral rating for the company in a research report on Tuesday, July 16th. Erste Group Bank restated a hold rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Finally, Robert W. Baird cut their target price on McDonald’s from $305.00 to $300.00 and set an outperform rating on the stock in a research note on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $308.57.

McDonald’s Stock Down 0.3 %

Shares of NYSE MCD opened at $253.37 on Monday. McDonald’s has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The business has a 50 day moving average price of $256.29 and a two-hundred day moving average price of $274.22. The firm has a market cap of $182.60 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the business earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts anticipate that McDonald’s will post 12.13 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s 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 owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the company’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 of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold 5,594 shares of company stock valued at $1,454,507 over the last quarter. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp grew its stake in shares of McDonald’s by 6.0% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 29,952 shares of the fast-food giant’s stock valued at $7,633,000 after purchasing an additional 1,702 shares during the period. LRI Investments LLC grew its stake in shares of McDonald’s by 65.5% in the 2nd quarter. LRI Investments LLC now owns 5,688 shares of the fast-food giant’s stock valued at $1,450,000 after purchasing an additional 2,251 shares during the period. Tower Bridge Advisors grew its position in McDonald’s by 0.5% during the 2nd quarter. Tower Bridge Advisors now owns 71,414 shares of the fast-food giant’s stock worth $18,199,000 after acquiring an additional 360 shares during the last quarter. Horizon Bancorp Inc. IN grew its position in McDonald’s by 15.1% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 596 shares of the fast-food giant’s stock worth $152,000 after acquiring an additional 78 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its position in McDonald’s by 9.5% during the 2nd quarter. Traynor Capital Management Inc. now owns 6,956 shares of the fast-food giant’s stock worth $1,773,000 after acquiring an additional 601 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

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.