McDonald’s Co. (NYSE:MCD) Receives $313.18 Average Price Target from Analysts

McDonald’s Co. (NYSE:MCD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $312.11.

MCD has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets reduced their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Truist Financial reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Bank of America reduced their price objective 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.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on 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 directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,593 shares of company stock valued at $1,472,518. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the first quarter valued at approximately $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $38,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.4 %

NYSE MCD opened at $253.90 on Wednesday. McDonald’s has a 12 month low of $243.53 and a 12 month high of $302.39. The stock has a market cap of $182.98 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.82 and a beta of 0.71. The company’s 50 day moving average is $258.50 and its two-hundred day moving average is $276.45.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the business posted $2.63 EPS. McDonald’s’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that McDonald’s will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

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.