McDonald’s (NYSE:MCD) Trading Up 0.1%

Shares of McDonald’s Co. (NYSE:MCD) traded up 0.1% during trading on Monday . The company traded as high as $268.38 and last traded at $268.27. 552,589 shares were traded during trading, a decline of 85% from the average session volume of 3,576,662 shares. The stock had previously closed at $267.91.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MCD. Bank of America decreased their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Loop Capital cut their target price on McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. TD Cowen lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the stock from $285.00 to $280.00 in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.00.

McDonald’s Stock Up 0.2 %

The stock has a market capitalization of $193.46 billion, a PE ratio of 22.77, a PEG ratio of 3.58 and a beta of 0.71. The stock’s 50 day moving average price is $257.41 and its 200-day moving average price is $271.61.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the company posted $3.17 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,794 shares of company stock valued at $1,234,491. 0.23% of the stock is currently owned by corporate insiders.

Institutional Trading of McDonald’s

A number of large investors have recently made changes to their positions in MCD. Norges Bank purchased a new stake in shares of McDonald’s in the fourth quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its stake in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. Capital Research Global Investors boosted its position in shares of McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares during the period. Swedbank AB bought a new position in shares of McDonald’s during the first quarter valued at approximately $348,206,000. Finally, Capital World Investors raised its holdings in shares of McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock worth $1,005,264,000 after buying an additional 1,012,534 shares during the period. 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.