Barclays Cuts McDonald’s (NYSE:MCD) Price Target to $300.00

McDonald’s (NYSE:MCD) had its target price reduced by Barclays from $320.00 to $300.00 in a report published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the fast-food giant’s stock.

A number of other equities analysts have also recently commented on the stock. TD Cowen reaffirmed a buy rating and issued a $285.00 target price on shares of McDonald’s in a report on Monday. Morgan Stanley reduced their target price on shares of McDonald’s from $312.00 to $300.00 and set an overweight rating for the company in a report on Thursday, July 11th. Robert W. Baird decreased their target price on shares of McDonald’s from $305.00 to $300.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. Citigroup dropped their price target on McDonald’s from $297.00 to $280.00 and set a neutral rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America decreased their price objective on McDonald’s from $302.00 to $288.00 and set a neutral rating for the company in a research report on Tuesday, May 28th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of Moderate Buy and an average target price of $302.64.

McDonald’s Stock Performance

Shares of MCD stock opened at $268.75 on Tuesday. The stock’s 50-day moving average is $255.54 and its two-hundred day moving average is $273.02. McDonald’s has a 1 year low of $243.53 and a 1 year high of $302.39. The firm has a market cap of $193.68 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.28 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.17 EPS. As a group, research analysts predict that McDonald’s will post 11.78 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.49%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,594 shares of company stock worth $1,454,507. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On McDonald’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Country Club Bank GFN raised its stake in shares of McDonald’s by 2.5% in the 4th quarter. Country Club Bank GFN now owns 9,852 shares of the fast-food giant’s stock valued at $2,915,000 after purchasing an additional 242 shares in the last quarter. TIAA Trust National Association lifted its holdings in McDonald’s by 24.5% during the 4th quarter. TIAA Trust National Association now owns 58,582 shares of the fast-food giant’s stock worth $17,370,000 after buying an additional 11,524 shares during the last quarter. Solstein Capital LLC grew its position in shares of McDonald’s by 32.4% in the 4th quarter. Solstein Capital LLC now owns 2,248 shares of the fast-food giant’s stock worth $667,000 after acquiring an additional 550 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in shares of McDonald’s by 16.0% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 12,231 shares of the fast-food giant’s stock valued at $3,627,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Buck Wealth Strategies LLC lifted its stake in McDonald’s by 3.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 2,063 shares of the fast-food giant’s stock worth $612,000 after purchasing an additional 65 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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.