McDonald’s Co. to Issue Quarterly Dividend of $1.67 (NYSE:MCD)

McDonald’s Co. (NYSE:MCD) announced a quarterly dividend on Thursday, July 25th, RTT News reports. Investors of record on Tuesday, September 3rd will be given a dividend of 1.67 per share by the fast-food giant on Tuesday, September 17th. This represents a $6.68 dividend on an annualized basis and a yield of 2.66%.

McDonald’s has raised its dividend by an average of 7.3% annually over the last three years and has raised its dividend annually for the last 48 consecutive years. McDonald’s has a dividend payout ratio of 50.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect McDonald’s to earn $13.11 per share next year, which means the company should continue to be able to cover its $6.68 annual dividend with an expected future payout ratio of 51.0%.

McDonald’s Stock Down 0.8 %

Shares of NYSE MCD traded down $1.96 during trading on Thursday, hitting $251.41. The company had a trading volume of 3,321,749 shares, compared to its average volume of 3,472,958. The firm has a market capitalization of $181.19 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71. The stock has a fifty day simple moving average of $256.29 and a two-hundred day simple moving average of $274.22. McDonald’s has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 earnings per share. On average, analysts anticipate that McDonald’s will post 12.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. lowered their price target on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Citigroup cut their price objective on shares of McDonald’s from $297.00 to $280.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Robert W. Baird lowered their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on McDonald’s from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.57.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,594 shares of company stock worth $1,454,507. Company insiders own 0.23% 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.