McDonald’s Co. (NYSE:MCD) Given Average Recommendation of “Moderate Buy” by Brokerages

McDonald’s Co. (NYSE:MCDGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $313.18.

A number of analysts recently weighed in on MCD shares. Bank of America dropped their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Morgan Stanley lowered their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. KeyCorp reduced their price objective 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. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th.

Check Out Our Latest Analysis on MCD

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,498 shares of the company’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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal 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 the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,593 shares of company stock valued at $1,472,518. Insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

Several large investors have recently modified their holdings of MCD. Vanguard Group Inc. boosted its position in shares of McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after purchasing an additional 599,745 shares during the period. Norges Bank purchased a new stake in McDonald’s in the 4th quarter worth $2,684,899,000. Price T Rowe Associates Inc. MD raised its holdings in McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after acquiring an additional 987,099 shares during the period. Gallagher Fiduciary Advisors LLC lifted its position in shares of McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.8 %

Shares of MCD stock opened at $245.83 on Wednesday. McDonald’s has a 12 month low of $243.53 and a 12 month high of $302.39. The firm’s 50 day moving average is $259.67 and its 200 day moving average is $277.05. The stock has a market capitalization of $177.16 billion, a P/E ratio of 20.87, a PEG ratio of 2.83 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data 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). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 earnings per share. On average, equities analysts predict that McDonald’s will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.

Further Reading

Analyst Recommendations for McDonald's (NYSE:MCD)

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