McDonald’s (NYSE:MCD) Given Hold Rating at Erste Group Bank

Erste Group Bank reaffirmed their hold rating on shares of McDonald’s (NYSE:MCDFree Report) in a research report sent to investors on Wednesday, Benzinga reports.

Several other equities analysts have also commented on MCD. Barclays dropped their price target on shares of McDonald’s from $343.00 to $340.00 and set an overweight rating for the company in a research report on Tuesday, February 6th. Robert W. Baird reiterated an outperform rating and issued a $315.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Truist Financial dropped their price target on McDonald’s from $345.00 to $340.00 and set a buy rating for the company in a research note on Tuesday, February 6th. Wedbush restated an outperform rating and issued a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Royal Bank of Canada decreased their target price on McDonald’s from $340.00 to $335.00 and set an outperform rating for the company in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s has an average rating of Moderate Buy and an average price target of $320.60.

Check Out Our Latest Stock Report on MCD

McDonald’s Stock Down 0.8 %

Shares of McDonald’s stock opened at $275.59 on Wednesday. McDonald’s has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s fifty day moving average is $289.21 and its two-hundred day moving average is $280.91. The firm has a market cap of $198.99 billion, a PE ratio of 23.94, a P/E/G ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC lifted its holdings in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its stake in McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the period. Mengis Capital Management Inc. grew its stake in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC increased its holdings in shares of McDonald’s by 7.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Company Profile

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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.

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