McDonald’s (NYSE:MCD) Trading Up 0.7%

McDonald’s Co. (NYSE:MCD)’s share price shot up 0.7% during trading on Wednesday . The company traded as high as $250.98 and last traded at $249.45. 692,646 shares traded hands during trading, a decline of 80% from the average session volume of 3,416,129 shares. The stock had previously closed at $247.79.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MCD shares. Morgan Stanley decreased their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. KeyCorp lowered their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Bank of America lowered their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Robert W. Baird cut their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $313.89.

McDonald’s Trading Up 0.9 %

The stock has a market cap of $180.17 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.81 and a beta of 0.71. The company has a fifty day simple moving average of $261.17 and a 200-day simple moving average of $278.12.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.63 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 12.19 earnings per share 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 paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold 5,593 shares of company stock valued at $1,472,518 over the last three months. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $31,000. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the third quarter worth approximately $33,000. Clear Investment Research LLC bought a new position in McDonald’s in the fourth quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $39,000. 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.