McDonald’s (NYSE:MCD) Stock Price Down 0.2%

McDonald’s Co. (NYSE:MCD) shares traded down 0.2% during trading on Thursday . The company traded as low as $257.05 and last traded at $257.32. 466,895 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 3,367,892 shares. The stock had previously closed at $257.83.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. KeyCorp cut their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Robert W. Baird lowered their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Truist Financial reduced their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Price Performance

The stock has a market cap of $185.84 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The stock has a 50-day moving average price of $263.91 and a two-hundred day moving average price of $279.67.

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

McDonald’s Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.59%. McDonald’s’s payout ratio is currently 56.71%.

Insider Transactions at McDonald’s

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

Hedge Funds Weigh In On McDonald’s

A number of large investors have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the 1st quarter worth about $28,000. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $31,000. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the third quarter valued at approximately $33,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC bought a new position in McDonald’s in the fourth quarter worth approximately $39,000. 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.