McDonald’s (NYSE:MCD) Price Target Cut to $300.00

McDonald’s (NYSE:MCD) had its price target decreased by Robert W. Baird from $305.00 to $300.00 in a research report report published on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the fast-food giant’s stock.

A number of other research analysts have also issued reports on MCD. Argus reiterated a hold rating on shares of McDonald’s in a research note on Monday, March 25th. BTIG Research downgraded McDonald’s from a buy rating to a neutral rating in a research report on Tuesday, February 6th. Citigroup dropped their price objective on McDonald’s from $312.00 to $297.00 and set a neutral rating on the stock in a research note on Tuesday, April 16th. 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 research note on Tuesday, February 6th. Finally, BMO Capital Markets dropped their price target on McDonald’s from $335.00 to $330.00 and set an outperform rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $317.74.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $270.32 on Wednesday. The business’s 50-day simple moving average is $279.53 and its 200-day simple moving average is $282.35. McDonald’s has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the company earned $2.63 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing 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 dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. 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 in the fourth quarter valued at $31,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s in the third quarter valued at about $33,000. Finally, Clear Investment Research LLC acquired a new position in McDonald’s during the 4th quarter worth about $38,000. 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.