McDonald’s (NYSE:MCD) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of McDonald’s (NYSE:MCD) in a research report released on Wednesday, Benzinga reports. Wedbush currently has a $295.00 price target on the fast-food giant’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company increased their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, UBS Group raised their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.22.

McDonald’s Trading Down 3.0 %

Shares of MCD stock opened at $292.61 on Wednesday. The company has a 50 day simple moving average of $297.78 and a two-hundred day simple moving average of $274.91. The stock has a market cap of $210.88 billion, a P/E ratio of 24.84, a P/E/G ratio of 4.13 and a beta of 0.73. McDonald’s has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. 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 company earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the transaction, the insider now owns 11,484 shares of the company’s stock, valued at $3,428,777.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock worth $10,256,818 over the last quarter. Insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

Several institutional investors and hedge funds have recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in McDonald’s during the 1st quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the second quarter valued at approximately $38,000. Keener Financial Planning LLC raised its stake in shares of McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the second quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in McDonald’s in the second quarter worth approximately $65,000. 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.