McDonald's (NYSE:MCD) Trading Down 0.7% - What's Next?

McDonald's Co. (NYSE:MCD - Get Free Report)'s share price was down 0.7% on Friday . The stock traded as low as $311.25 and last traded at $311.40. Approximately 906,853 shares traded hands during trading, a decline of 75% from the average daily volume of 3,669,166 shares. The stock had previously closed at $313.64.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCD. JPMorgan Chase & Co. upped their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. BMO Capital Markets raised their target price on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Truist Financial cut their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $325.26.

McDonald's Stock Performance

The stock's 50-day simple moving average is $309.16 and its 200 day simple moving average is $299.99. The company has a market capitalization of $222.95 billion, a PE ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 earnings per share. On average, analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company's stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 over the last three months. Insiders own 0.25% of the company's stock.

Institutional Trading of McDonald's

A number of large investors have recently bought and sold shares of the business. Retirement Planning Co of New England Inc. raised its holdings in shares of McDonald's by 198.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 14,913 shares of the fast-food giant's stock valued at $4,659,000 after buying an additional 9,922 shares during the last quarter. Hardy Reed LLC lifted its holdings in shares of McDonald's by 14.7% during the first quarter. Hardy Reed LLC now owns 1,255 shares of the fast-food giant's stock worth $392,000 after purchasing an additional 161 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in McDonald's by 1.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 353,637 shares of the fast-food giant's stock valued at $110,466,000 after buying an additional 5,518 shares during the last quarter. Fortis Group Advisors LLC increased its stake in McDonald's by 851.8% in the 1st quarter. Fortis Group Advisors LLC now owns 5,549 shares of the fast-food giant's stock valued at $1,733,000 after buying an additional 4,966 shares during the period. Finally, Pettee Investors Inc. boosted its holdings in shares of McDonald's by 33.9% in the first quarter. Pettee Investors Inc. now owns 7,231 shares of the fast-food giant's stock valued at $2,259,000 after acquiring an additional 1,830 shares in the last quarter. 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.