McDonald’s (NYSE:MCD) PT Lowered to $330.00 at BMO Capital Markets

McDonald’s (NYSE:MCD) had its price target trimmed by BMO Capital Markets from $335.00 to $330.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the fast-food giant’s stock.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada lowered their target price on McDonald’s from $340.00 to $335.00 and set an outperform rating on the stock in a research report on Tuesday, February 6th. UBS Group lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set a buy rating on the stock in a research note on Friday, April 5th. BTIG Research downgraded shares of McDonald’s from a buy rating to a neutral rating in a report on Tuesday, February 6th. Barclays reduced their target price on McDonald’s from $343.00 to $340.00 and set an overweight rating on the stock in a report on Tuesday, February 6th. Finally, Erste Group Bank reaffirmed a hold rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $317.74.

McDonald’s Stock Down 1.1 %

McDonald’s stock opened at $270.32 on Wednesday. McDonald’s has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a market cap of $194.90 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.95 and a beta of 0.71. The business has a 50-day simple moving average of $280.07 and a two-hundred day simple moving average of $282.21.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business 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 180.54%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. Research analysts anticipate that McDonald’s will post 12.18 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were 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 $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were 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 $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On McDonald’s

Large investors have recently made changes to their positions in the business. Roffman Miller Associates Inc. PA increased its position in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its position in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its position in shares of McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

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.