McDonald’s (NYSE:MCD) Trading Up 0.7%

McDonald’s Co. (NYSE:MCD) shot up 0.7% on Tuesday . The company traded as high as $264.38 and last traded at $263.23. 1,166,250 shares were traded during trading, a decline of 67% from the average session volume of 3,501,471 shares. The stock had previously closed at $261.42.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Truist Financial dropped their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets cut their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group lowered their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Citigroup cut their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Monday. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $302.82.

McDonald’s Stock Performance

The business has a fifty day simple moving average of $255.32 and a 200-day simple moving average of $273.29. The stock has a market capitalization of $191.61 billion, a P/E ratio of 22.46, a PEG ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the company earned $3.17 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.05 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. 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 McDonald’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,594 shares of company stock valued at $1,454,507. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MCD. Norges Bank bought a new position in McDonald’s during the 4th quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its position in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares in the last quarter. Capital Research Global Investors boosted its holdings in McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. Finally, Swedbank AB bought a new stake in McDonald’s in the 1st quarter worth about $348,206,000. 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.