McDonald's Corporation (NYSE:MCD) Receives Consensus Rating of "Hold" from Analysts

Shares of McDonald's Corporation (NYSE:MCD - Get Free Report) have earned an average recommendation of "Hold" from the twenty-eight ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $326.8696.

Several equities analysts have issued reports on the stock. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Robert W. Baird upped their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Bank of America lowered their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Barclays upped their target price on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th.

McDonald's Stock Up 1.1%

Shares of McDonald's stock opened at $304.82 on Thursday. McDonald's has a 52-week low of $268.50 and a 52-week high of $326.32. The company has a 50 day moving average of $298.03 and a 200 day moving average of $304.74. The company has a market capitalization of $217.52 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.08 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insider Activity

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock worth $2,215,178 over the last 90 days. Company insiders own 0.25% of the company's stock.

Institutional Trading of McDonald's

Several institutional investors have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC grew its position in shares of McDonald's by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after acquiring an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC lifted its holdings in McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC lifted its holdings in McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC lifted its holdings in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the period. Finally, Security Financial Services INC. lifted its holdings in McDonald's by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after purchasing an additional 33 shares during the period. Institutional investors own 70.29% of the company's stock.

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.

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