McDonald’s (NYSE:MCD) Shares Down 0%

McDonald’s Co. (NYSE:MCD) shares were down 0% during mid-day trading on Wednesday . The stock traded as low as $292.50 and last traded at $293.74. Approximately 221,333 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,455,746 shares. The stock had previously closed at $293.75.

Analysts Set New Price Targets

Several analysts recently commented on MCD shares. Bank of America cut their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday. Stifel Nicolaus lowered their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. Finally, Truist Financial reduced their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $306.11.

McDonald’s Trading Up 0.6 %

The stock has a 50 day simple moving average of $276.44 and a 200-day simple moving average of $270.84. The firm has a market cap of $211.77 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.17 EPS. On average, equities research analysts expect that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,193 shares of company stock valued at $1,403,593. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McDonald’s

Several large investors have recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the first quarter valued at approximately $28,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the 4th quarter valued at $38,000. Kings Path Partners LLC bought a new stake in McDonald’s in the second quarter worth $38,000. Accent Capital Management LLC purchased a new position in McDonald’s during the fourth quarter worth $44,000. Finally, Transcendent Capital Group LLC bought a new position in McDonald’s during the fourth quarter valued at $45,000. Institutional investors 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.