McDonald’s (NYSE:MCD) Stock Price Up 1.2%

Shares of McDonald’s Co. (NYSE:MCD) traded up 1.2% during trading on Friday . The stock traded as high as $275.80 and last traded at $271.96. 3,472,457 shares changed hands during trading, a decline of 2% from the average session volume of 3,541,440 shares. The stock had previously closed at $268.75.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Loop Capital decreased their target price on McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday. KeyCorp decreased their target price on McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.64.

McDonald’s Price Performance

The company has a market cap of $198.36 billion, a PE ratio of 23.09, a PEG ratio of 3.28 and a beta of 0.71. The stock’s 50-day moving average is $255.54 and its 200 day moving average is $273.02.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business posted $3.17 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that McDonald’s Co. will post 11.78 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 completion of the transaction, 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 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 stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 5,594 shares of company stock worth $1,454,507 in the last quarter. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the fourth quarter worth about $31,000. Clear Investment Research LLC acquired a new position in McDonald’s during the 4th quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth about $39,000. Finally, Keener Financial Planning LLC acquired a new stake in McDonald’s in the fourth quarter valued at $39,000. 70.29% of the stock is 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.