McDonald’s (NYSE:MCD) Given New $330.00 Price Target at BMO Capital Markets

McDonald’s (NYSE:MCD) had its target price lowered by BMO Capital Markets from $335.00 to $330.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the fast-food giant’s stock.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an outperform rating on the stock in a report on Tuesday, February 6th. TD Cowen restated a buy rating and issued a $305.00 target price on shares of McDonald’s in a report on Tuesday, April 30th. Morgan Stanley dropped their target price on shares of McDonald’s from $327.00 to $320.00 and set an overweight rating on the stock in a report on Friday, April 12th. Evercore ISI reiterated an outperform rating and set a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Robert W. Baird reiterated an outperform rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $317.74.

McDonald’s Stock Down 1.1 %

NYSE:MCD opened at $270.32 on Wednesday. The company’s 50 day moving average price is $279.53 and its 200-day moving average price is $282.35. McDonald’s has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% 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 quarter in the prior year, the business posted $2.63 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of McDonald’s by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after buying an additional 599,745 shares during the last quarter. Northern Trust Corp increased its holdings in shares of McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after buying an additional 151,161 shares during the last quarter. Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter worth about $2,684,899,000. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald’s by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after buying an additional 987,099 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC increased its holdings in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after buying an additional 5,609,736 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.