McDonald’s (NYSE:MCD) Shares Up 0.8%

McDonald’s Co. (NYSE:MCD) shot up 0.8% during trading on Monday . The company traded as high as $259.38 and last traded at $259.23. 601,444 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,446,374 shares. The stock had previously closed at $257.28.

Wall Street Analyst Weigh In

A number of research firms have commented on MCD. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Truist Financial cut their price target 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. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $308.57.

McDonald’s Stock Up 0.9 %

The firm has a market capitalization of $187.05 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.96 and a beta of 0.71. The company has a fifty day moving average price of $257.27 and a two-hundred day moving average price of $274.84.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the business earned $2.63 earnings per share. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.13 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. 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 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 5,593 shares of company stock valued at $1,472,518 over the last three months. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s in the first quarter valued at $28,000. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at $31,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at $38,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at $39,000. Hedge funds and other 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.