McDonald’s (NYSE:MCD) Trading Down 0.1%

McDonald’s Co. (NYSE:MCD) shares were down 0.1% on Monday . The company traded as low as $253.01 and last traded at $253.58. Approximately 607,439 shares were traded during trading, a decline of 82% from the average daily volume of 3,439,415 shares. The stock had previously closed at $253.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MCD shares. Truist Financial decreased their price objective on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Guggenheim reduced their price target on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Citigroup reduced their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, TD Cowen restated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $312.11.

McDonald’s Trading Down 0.5 %

The company has a market cap of $182.02 billion, a PE ratio of 21.53, a P/E/G ratio of 2.86 and a beta of 0.71. The firm’s 50-day simple moving average is $258.50 and its two-hundred day simple moving average is $276.20.

McDonald’s (NYSE:MCD) last released its 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 company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.63 EPS. As a group, analysts predict that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Activity

In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, 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 can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, 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 can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders have sold 5,593 shares of company stock valued at $1,472,518 in the last ninety days. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

Large investors have recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $31,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $38,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

About McDonald’s

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.