McDonald’s (NYSE:MCD) Stock Price Up 0.6%

McDonald’s Co. (NYSE:MCD)’s stock price traded up 0.6% during mid-day trading on Monday . The stock traded as high as $261.16 and last traded at $260.85. 760,875 shares changed hands during trading, a decline of 77% from the average session volume of 3,363,294 shares. The stock had previously closed at $259.39.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target 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. TD Cowen restated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 13th. The Goldman Sachs Group assumed coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target for the company. KeyCorp lowered their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, Robert W. Baird cut their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $315.14.

McDonald’s Price Performance

The company has a market cap of $185.81 billion, a P/E ratio of 21.89, a PEG ratio of 2.90 and a beta of 0.71. The business’s 50 day moving average price is $264.15 and its 200-day moving average price is $279.82.

McDonald’s (NYSE:MCD) last announced its earnings results 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). The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 earnings per share. As a group, research analysts forecast that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend 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 the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,095 shares of company stock worth $1,100,625. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

A number of hedge funds have recently modified their holdings of MCD. Vanguard Group Inc. raised its stake 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 valued at $20,473,811,000 after purchasing an additional 599,745 shares during the period. Norges Bank acquired a new stake in McDonald’s in the 4th quarter valued at approximately $2,684,899,000. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $2,178,474,000 after acquiring an additional 987,099 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in McDonald’s by 141,160.9% during 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 acquiring an additional 5,609,736 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of McDonald’s by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares in the last quarter. Institutional investors and hedge funds 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.