UBS Group Raises McDonald’s (NYSE:MCD) Price Target to $345.00

McDonald’s (NYSE:MCD) had its price target raised by UBS Group from $305.00 to $345.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the fast-food giant’s stock.

Other equities research analysts also recently issued reports about the company. Barclays decreased their price objective on McDonald’s from $320.00 to $300.00 and set an overweight rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets cut their price objective on shares of McDonald’s from $330.00 to $315.00 and set an outperform rating on the stock in a research report on Tuesday, July 30th. Loop Capital restated a buy rating and issued a $342.00 target price on shares of McDonald’s in a report on Tuesday, September 10th. Morgan Stanley cut their price target on shares of McDonald’s from $312.00 to $300.00 and set an overweight rating on the stock in a report on Thursday, July 11th. Finally, Truist Financial cut their target price on McDonald’s from $300.00 to $295.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $310.50.

McDonald’s Stock Up 0.3 %

Shares of MCD opened at $305.04 on Wednesday. The business has a 50-day simple moving average of $290.21 and a two-hundred day simple moving average of $272.60. The stock has a market cap of $218.82 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 4.05 and a beta of 0.73. McDonald’s has a 52 week low of $243.53 and a 52 week high of $306.96.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate 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 net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.17 EPS. On average, equities analysts anticipate that McDonald’s will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is presently 58.44%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,751 shares of company stock valued at $9,493,973 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s during the first quarter worth $28,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s during the 2nd quarter worth $38,000. Accent Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $44,000. Transcendent Capital Group LLC purchased a new stake in McDonald’s in the 4th quarter valued at about $45,000. Finally, Keener Financial Planning LLC lifted its position in McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 43 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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.