McDonald’s (NYSE:MCD) Shares Up 0.9%

McDonald’s Co. (NYSE:MCDGet Free Report) shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $250.98 and last traded at $250.00. 2,026,070 shares traded hands during trading, a decline of 44% from the average session volume of 3,639,543 shares. The stock had previously closed at $247.79.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wedbush decreased their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. KeyCorp decreased their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Robert W. Baird dropped their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Citigroup cut their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $313.89.

Get Our Latest Analysis on McDonald’s

McDonald’s Stock Performance

The business’s 50-day moving average is $260.73 and its 200-day moving average is $277.85. The company has a market capitalization of $180.96 billion, a PE ratio of 21.31, a PEG ratio of 2.81 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock worth $1,472,518 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On McDonald’s

A number of hedge funds have recently bought and sold shares of the business. Independent Wealth Network Inc. lifted its position in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after purchasing an additional 35 shares during the period. Concentric Wealth Management LLC raised its stake in McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after buying an additional 35 shares during the last quarter. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp boosted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after buying an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in shares of McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

(Get Free Report)

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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