McDonald’s (NYSE:MCD) Shares Up 0.9%

McDonald’s Co. (NYSE:MCD)’s share price shot up 0.9% during mid-day trading on Monday . The company traded as high as $292.09 and last traded at $292.06. 429,644 shares traded hands during trading, a decline of 88% from the average session volume of 3,535,445 shares. The stock had previously closed at $289.52.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCD. BMO Capital Markets decreased their price target 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. KeyCorp dropped their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Robert W. Baird dropped their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, TD Cowen lowered shares of McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $303.71.

McDonald’s Stock Down 0.3 %

The firm has a market capitalization of $208.05 billion, a PE ratio of 24.48, a PEG ratio of 3.58 and a beta of 0.71. The stock has a 50-day moving average price of $262.15 and a 200 day moving average price of $270.79.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company posted $3.17 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The disclosure for this sale can be found here. Insiders have sold a total of 4,793 shares of company stock worth $1,260,106 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its holdings in McDonald’s by 1,168.1% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock valued at $49,938,000 after acquiring an additional 155,138 shares during the last quarter. Pursue Wealth Partners LLC purchased a new position in shares of McDonald’s during the 4th quarter worth $517,000. Principle Wealth Partners LLC increased its position in shares of McDonald’s by 0.6% during the 4th quarter. Principle Wealth Partners LLC now owns 67,963 shares of the fast-food giant’s stock worth $20,152,000 after purchasing an additional 380 shares during the last quarter. Stonebrook Private Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth about $3,630,000. Finally, Paradigm Financial Partners LLC lifted its position in McDonald’s by 1.4% in the fourth quarter. Paradigm Financial Partners LLC now owns 16,361 shares of the fast-food giant’s stock valued at $4,851,000 after buying an additional 229 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

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.