McDonald’s Co. (NYSE:MCD) Receives $323.61 Consensus PT from Analysts

Shares of McDonald’s Co. (NYSE:MCD) have earned a consensus rating of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $323.61.

A number of equities analysts recently issued reports on MCD shares. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup increased their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Bank of America boosted their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, KeyCorp upped their price target on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is owned by insiders.

Institutional Trading of McDonald’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in shares of McDonald’s by 21.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock valued at $42,877,000 after purchasing an additional 24,787 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at $127,000. Calton & Associates Inc. acquired a new position in McDonald’s during the third quarter worth about $200,000. Pictet North America Advisors SA increased its position in McDonald’s by 0.9% during the 3rd quarter. Pictet North America Advisors SA now owns 48,121 shares of the fast-food giant’s stock worth $14,653,000 after purchasing an additional 435 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. acquired a new position in shares of McDonald’s during the third quarter worth $315,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $304.76 on Thursday. McDonald’s has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $218.40 billion, a PE ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. The business’s 50-day simple moving average is $292.61 and its 200-day simple moving average is $293.92.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts forecast that McDonald’s will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

McDonald’s Company Profile

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.