McDonald's (NYSE:MCD - Free Report) had its price objective decreased by Citigroup from $312.00 to $297.00 in a research note issued to investors on Tuesday, Benzinga reports. Citigroup currently has a neutral rating on the fast-food giant's stock.
MCD has been the topic of several other reports. StockNews.com lowered shares of McDonald's from a buy rating to a hold rating in a research report on Friday, February 9th. Evercore ISI restated an outperform rating and issued a $330.00 price target on shares of McDonald's in a research report on Wednesday, March 27th. Stephens restated an overweight rating and issued a $320.00 price target on shares of McDonald's in a research report on Monday, February 5th. Argus reaffirmed a hold rating on shares of McDonald's in a report on Monday, March 25th. Finally, Robert W. Baird reaffirmed an outperform rating and set a $315.00 price objective on shares of McDonald's in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $319.72.
Check Out Our Latest Stock Report on MCD
McDonald's Price Performance
NYSE:MCD traded down $0.86 during midday trading on Tuesday, reaching $265.37. The stock had a trading volume of 2,912,505 shares, compared to its average volume of 3,243,292. McDonald's has a 1-year low of $245.73 and a 1-year high of $302.39. The firm's fifty day simple moving average is $284.21 and its 200-day simple moving average is $280.76. The stock has a market capitalization of $191.33 billion, a P/E ratio of 22.94, a PEG ratio of 2.89 and a beta of 0.71.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald's had a net margin of 33.22% and a negative return on equity of 171.96%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $2.59 EPS. On average, equities research analysts anticipate that McDonald's will post 12.35 earnings per share for the current fiscal year.
McDonald's Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Thursday, February 29th. McDonald's's dividend payout ratio is presently 57.74%.
Insiders Place Their Bets
In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On McDonald's
Several institutional investors have recently modified their holdings of MCD. Moneta Group Investment Advisors LLC grew its position in shares of McDonald's by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant's stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the period. Norges Bank acquired a new position in McDonald's during the fourth quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its holdings in McDonald's by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. International Assets Investment Management LLC grew its holdings in McDonald's by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant's stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in McDonald's by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant's stock valued at $541,962,000 after purchasing an additional 2,021,754 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.
McDonald's Company Profile
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McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
Further Reading
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