McDonald’s’ (MCD) Hold Rating Reiterated at TD Securities

TD Securities restated their hold rating on shares of McDonald’s (NYSE:MCD) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $300.00 target price on the fast-food giant’s stock.

Other analysts have also recently issued reports about the stock. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

MCD opened at $307.47 on Monday. McDonald’s has a one year low of $243.53 and a one year high of $317.90. The company’s 50 day simple moving average is $291.33 and its 200-day simple moving average is $291.97. The stock has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, analysts anticipate that McDonald’s will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kennebec Savings Bank bought a new position in McDonald’s in the third quarter valued at $1,394,000. YANKCOM Partnership bought a new position in McDonald’s in the fourth quarter valued at $1,628,000. Charles Schwab Investment Management Inc. grew its position in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in McDonald’s in the fourth quarter valued at $2,471,000. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

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, Russia, Spain, and the U.K.