McDonald’s (NYSE:MCD) Given “Sell” Rating at Redburn Atlantic

Redburn Atlantic reissued their sell rating on shares of McDonald’s (NYSE:MCD) in a research note released on Tuesday, Marketbeat reports. They currently have a $260.00 target price on the fast-food giant’s stock, down from their previous target price of $319.00.

Other equities research analysts have also issued research reports about the company. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Barclays lifted their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Citigroup lifted their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $324.00 price target (down previously from $329.00) on shares of McDonald’s in a research note on Monday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $321.79.

McDonald’s Stock Down 1.5%

Shares of MCD stock opened at $300.25 on Tuesday. The stock has a market capitalization of $214.69 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald’s has a 52-week low of $243.53 and a 52-week high of $326.32. The stock’s 50-day moving average price is $311.79 and its 200 day moving average price is $302.84.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that McDonald’s will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth $38,000. eCIO Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth $107,000. Bontempo Ohly Capital Mgmt LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth $2,735,000. Modern Wealth Management LLC increased its holdings in shares of McDonald’s by 0.8% during the 1st quarter. Modern Wealth Management LLC now owns 10,220 shares of the fast-food giant’s stock worth $3,192,000 after buying an additional 84 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in McDonald’s during the 1st quarter worth $26,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.