McDonald’s (NYSE:MCD) Stock Price Up 3.3%

McDonald’s Co. (NYSE:MCD)’s share price rose 3.3% during mid-day trading on Monday . The stock traded as high as $263.25 and last traded at $260.40. Approximately 4,143,411 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 3,481,316 shares. The stock had previously closed at $252.00.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Monday. JPMorgan Chase & Co. decreased 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 note on Wednesday, July 10th. Bank of America decreased their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, Truist Financial reduced their target price on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $305.81.

McDonald’s Trading Up 4.2 %

The stock has a 50 day moving average price of $255.44 and a 200 day moving average price of $273.52. The company has a market cap of $189.24 billion, a PE ratio of 22.28, a PEG ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 EPS. Equities analysts expect that McDonald’s Co. will post 12.05 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was 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 owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,594 shares of company stock valued at $1,454,507. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Mirador Capital Partners LP grew its position in shares of McDonald’s by 6.3% during the 4th quarter. Mirador Capital Partners LP now owns 1,335 shares of the fast-food giant’s stock valued at $396,000 after acquiring an additional 79 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in McDonald’s in the 4th quarter worth about $208,000. Opal Wealth Advisors LLC acquired a new stake in McDonald’s in the 4th quarter worth about $211,000. Horizon Wealth Management LLC lifted its stake in McDonald’s by 5.0% in the 4th quarter. Horizon Wealth Management LLC now owns 2,408 shares of the fast-food giant’s stock worth $714,000 after purchasing an additional 114 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in McDonald’s by 54.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 52,617 shares of the fast-food giant’s stock worth $15,601,000 after purchasing an additional 18,627 shares in the last quarter. Institutional investors 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.