McDonald’s Co. (NYSE:MCD) Plans $1.77 Quarterly Dividend

McDonald’s Co. (NYSE:MCD) announced a quarterly dividend on Thursday, February 6th, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 1.77 per share by the fast-food giant on Monday, March 17th. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd.

McDonald’s has raised its dividend payment by an average of 8.9% annually over the last three years and has increased its dividend every year for the last 49 years. McDonald’s has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect McDonald’s to earn $13.26 per share next year, which means the company should continue to be able to cover its $7.08 annual dividend with an expected future payout ratio of 53.4%.

McDonald’s Trading Down 0.6 %

MCD stock opened at $308.17 on Friday. The company has a market capitalization of $220.18 billion, a P/E ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a 50 day simple moving average of $294.06 and a 200-day simple moving average of $295.09.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts predict that McDonald’s will post 12.25 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial cut their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Barclays upped their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Bank of America upped their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.