McDonald’s (NYSE:MCD) Trading 0.1% Higher

McDonald’s Co. (NYSE:MCD)’s stock price rose 0.1% during mid-day trading on Tuesday . The company traded as high as $266.91 and last traded at $266.39. Approximately 597,399 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,212,334 shares. The stock had previously closed at $266.23.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday. Evercore ISI reissued an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Royal Bank of Canada dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Price Performance

The business’s fifty day moving average is $284.60 and its 200-day moving average is $280.75. The firm has a market cap of $191.95 billion, a PE ratio of 23.01, a P/E/G ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the business earned $2.59 earnings per share. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that McDonald’s Co. will post 12.35 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Trading of McDonald’s

Several large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in shares of McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after buying an additional 210 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after buying an additional 5,007 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after buying an additional 23,643 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of McDonald’s during the 1st quarter valued at $1,108,000. Finally, Equitable Holdings Inc. boosted its holdings in shares of McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after buying an additional 3,490 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

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.