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

McDonald’s Co. (NYSE:MCD) shares traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $266.91 and last traded at $266.39. 597,399 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 3,212,334 shares. The stock had previously closed at $266.23.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MCD shares. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Stifel Nicolaus dropped their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Bank of America raised their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Truist Financial dropped their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Stock Performance

The company has a 50 day simple moving average of $284.60 and a 200-day simple moving average of $280.75. The stock has a market cap of $191.95 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the company posted $2.59 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

A number of institutional investors and hedge funds have recently made changes to their positions in MCD. Independent Wealth Network Inc. boosted its holdings in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Concentric Wealth Management LLC raised its position in shares of McDonald’s by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd increased its position in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares during the period. Mechanics Financial Corp grew its stake in McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after buying an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after buying an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

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.