McDonald’s Co. (NYSE:MCD) Receives Consensus Rating of “Moderate Buy” from Analysts

McDonald’s Co. (NYSE:MCD) has received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $323.39.

Several research firms have commented on MCD. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Wedbush increased their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial decreased their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter valued at $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in McDonald’s in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $305.07 on Monday. The business has a 50-day moving average price of $298.75 and a 200 day moving average price of $297.53. The company has a market capitalization of $217.96 billion, a P/E ratio of 26.78, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released 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%. On average, analysts anticipate that McDonald’s will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s payout ratio is 62.16%.

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.