McDonald’s (NYSE:MCD) Shares Down 0.2%

McDonald’s Co. (NYSE:MCD)’s stock price traded down 0.2% during trading on Thursday . The company traded as low as $257.05 and last traded at $257.32. 466,895 shares changed hands during trading, a decline of 86% from the average session volume of 3,367,892 shares. The stock had previously closed at $257.83.

Analyst Ratings Changes

A number of equities analysts have weighed in on MCD shares. TD Cowen reaffirmed a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 13th. UBS Group dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. BMO Capital Markets decreased their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Bank of America dropped their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Finally, Wedbush decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Stock Down 1.3 %

The stock has a fifty day moving average of $263.31 and a 200-day moving average of $279.28. The firm has a market capitalization of $183.62 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the business earned $2.63 earnings per share. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio is 56.71%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by insiders.

Institutional Trading of McDonald’s

Several institutional investors have recently added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s during the 1st quarter worth $28,000. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the fourth quarter worth about $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter valued at about $33,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. 70.29% of the stock is currently owned by institutional investors.

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.