McDonald's (NYSE:MCD) Stock Price Expected to Rise, Truist Financial Analyst Says

McDonald's (NYSE:MCD - Free Report) had its price objective boosted by Truist Financial from $350.00 to $356.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the fast-food giant's stock.

A number of other equities analysts also recently weighed in on MCD. Morgan Stanley reissued an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. KeyCorp lowered their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Piper Sandler raised their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $322.29.

McDonald's Price Performance

MCD stock traded up $7.39 during trading on Wednesday, reaching $300.41. 2,815,830 shares of the company were exchanged, compared to its average volume of 3,530,436. The company has a 50-day moving average of $304.66 and a two-hundred day moving average of $302.39. The company has a market capitalization of $214.81 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.04 and a beta of 0.53. McDonald's has a twelve month low of $245.90 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the company posted $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. On average, analysts forecast that McDonald's will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,817 shares of company stock worth $865,843 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McDonald's

Large investors have recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new stake in McDonald's in the 1st quarter worth about $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald's in the 1st quarter worth about $26,000. Finally, Pinney & Scofield Inc. purchased a new stake in McDonald's in the 4th quarter worth about $29,000. 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.