McDonald’s Corporation (NYSE:MCD) Receives $331.37 Average Price Target from Brokerages

Shares of McDonald’s Corporation (NYSE:MCD) have received a consensus rating of “Hold” from the thirty-one research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $332.2963.

A number of brokerages recently weighed in on MCD. Truist Financial boosted their price objective on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Mizuho upped their price target on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a report on Friday. Guggenheim lifted their price objective on McDonald’s from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, BTIG Research raised McDonald’s from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Monday, February 2nd.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $325.57 on Thursday. The company has a 50-day simple moving average of $311.40 and a two-hundred day simple moving average of $307.60. The stock has a market capitalization of $231.85 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.52. McDonald’s has a 52-week low of $283.47 and a 52-week high of $328.06.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio is 63.48%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 2,626 shares of McDonald’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $306.58, for a total value of $805,079.08. Following the completion of the sale, the insider owned 5,398 shares of the company’s stock, valued at approximately $1,654,918.84. The trade was a 32.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,008 shares of company stock worth $9,895,452. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Large investors have recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its holdings in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at $25,000. Evergreen Private Wealth LLC increased its stake in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares in the last quarter. Your Advocates Ltd. LLP bought a new position in McDonald’s in the 4th quarter worth $27,000. Finally, Park Place Capital Corp lifted its position in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.