McDonald’s (NYSE:MCD) Stock Price Down 1.3%

McDonald’s Co. (NYSE:MCD)’s stock price was down 1.3% on Monday . The company traded as low as $272.25 and last traded at $273.00. Approximately 2,263,808 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 3,576,652 shares. The stock had previously closed at $276.69.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCD shares. BMO Capital Markets reduced their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Robert W. Baird cut 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. Bank of America cut their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Jefferies Financial Group cut their target price on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Barclays cut their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $303.00.

McDonald’s Trading Down 2.9 %

The firm has a market cap of $193.53 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.58 and a beta of 0.71. The business’s fifty day moving average price is $255.91 and its two-hundred day moving average price is $272.65.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. McDonald’s’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.17 earnings per share. Research analysts predict that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.49%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction 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 $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,594 shares of company stock valued at $1,454,507. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

A number of institutional investors and hedge funds have recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s during the first quarter worth approximately $28,000. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $31,000. Clear Investment Research LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $38,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC acquired a new position in McDonald’s during the fourth quarter valued at approximately $39,000. 70.29% of the stock is owned by 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.