McDonald’s (NYSE:MCD) Trading Up 0.6%

Shares of McDonald’s Co. (NYSE:MCD) were up 0.6% on Monday . The stock traded as high as $261.16 and last traded at $260.85. Approximately 760,875 shares traded hands during trading, a decline of 77% from the average daily volume of 3,363,294 shares. The stock had previously closed at $259.39.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MCD. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Truist Financial cut their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. UBS Group cut their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Wedbush cut their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Guggenheim cut their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Price Performance

The company has a 50-day simple moving average of $264.43 and a two-hundred day simple moving average of $280.20. The firm has a market cap of $186.94 billion, a PE ratio of 22.14, a PEG ratio of 2.86 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock worth $1,100,625 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Roffman Miller Associates Inc. PA increased its stake in McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC raised its holdings in McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the last quarter. Aigen Investment Management LP purchased a new position in McDonald’s in the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC bought a new position in McDonald’s in the 4th quarter valued at approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services raised its stake in shares of McDonald’s by 2.8% in the fourth 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 purchasing an additional 301 shares during the last quarter. Hedge funds and other 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.