McDonald's (NYSE:MCD) Stock Price Down 0.7% - Here's What Happened

McDonald's Co. (NYSE:MCD - Get Free Report)'s share price was down 0.7% during trading on Tuesday . The company traded as low as $313.46 and last traded at $313.76. Approximately 531,207 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,577,307 shares. The stock had previously closed at $316.07.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. TD Securities reiterated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Piper Sandler reduced their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $322.87.

McDonald's Stock Up 0.6 %

The company's fifty day moving average is $307.38 and its 200 day moving average is $299.35. The firm has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting 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, equities research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On McDonald's

A number of large investors have recently modified their holdings of the business. Mattern Capital Management LLC raised its stake in McDonald's by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank increased its position in McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership bought a new position in McDonald's in the 4th quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. grew its stake in shares of McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after buying an additional 164 shares during the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald's in the 4th quarter valued at $2,471,000. Institutional investors and hedge funds 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.