McDonald’s (NYSE:MCD) Reaches New 52-Week Low Following Analyst Downgrade

McDonald’s Co. (NYSE:MCDGet Free Report) shares reached a new 52-week low during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $300.00 to $290.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. McDonald’s traded as low as $244.20 and last traded at $245.16, with a volume of 1093015 shares. The stock had previously closed at $247.85.

MCD has been the subject of several other reports. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Bank of America decreased their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Stifel Nicolaus decreased 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. 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, Morgan Stanley decreased their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.82.

View Our Latest Report on MCD

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,498 shares of the company’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 value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,593 shares of company stock worth $1,472,518 in the last quarter. Company 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 bought and sold shares of the stock. Compass Financial Group INC SD lifted its stake in McDonald’s by 3.6% in the 2nd quarter. Compass Financial Group INC SD now owns 1,232 shares of the fast-food giant’s stock valued at $314,000 after buying an additional 43 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of McDonald’s by 2.6% during the 2nd quarter. Csenge Advisory Group now owns 10,995 shares of the fast-food giant’s stock worth $2,802,000 after purchasing an additional 280 shares during the period. Advocate Group LLC lifted its stake in shares of McDonald’s by 4.4% during the 2nd quarter. Advocate Group LLC now owns 28,210 shares of the fast-food giant’s stock worth $7,189,000 after purchasing an additional 1,187 shares during the period. CGN Advisors LLC lifted its stake in shares of McDonald’s by 6.3% during the 2nd quarter. CGN Advisors LLC now owns 10,546 shares of the fast-food giant’s stock worth $2,688,000 after purchasing an additional 629 shares during the period. Finally, Sweeney & Michel LLC lifted its stake in shares of McDonald’s by 3.2% during the 2nd quarter. Sweeney & Michel LLC now owns 1,829 shares of the fast-food giant’s stock worth $449,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 1.9 %

The company has a market cap of $180.49 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.79 and a beta of 0.71. The business has a 50 day simple moving average of $259.19 and a two-hundred day simple moving average of $276.86.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the company earned $2.63 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s Company Profile

(Get Free Report)

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.

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