McDonald's - MCD Stock Forecast, Price & News

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is headquartered in Chicago, Illinois.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MCD. KeyCorp increased their price target on McDonald's from $285.00 to $290.00 and gave the stock an "overweight" rating in a report on Wednesday, July 27th. Barclays decreased their price target on McDonald's from $289.00 to $285.00 and set an "overweight" rating for the company in a report on Wednesday, July 27th. Morgan Stanley reduced their target price on McDonald's from $287.00 to $285.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Robert W. Baird set a $285.00 target price on McDonald's in a research note on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the company from $263.00 to $259.00 in a research note on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $284.19.

McDonald's Trading Down 0.5 %

Shares of NYSE:MCD traded down $1.41 during mid-day trading on Friday, reaching $259.23. The company had a trading volume of 1,818,555 shares, compared to its average volume of 2,428,315. The firm has a market cap of $191.71 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.16 and a beta of 0.56. The company's 50-day moving average price is $250.10 and its 200-day moving average price is $247.78. McDonald's has a one year low of $217.68 and a one year high of $271.15.

McDonald's (NYSE:MCD - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.08. McDonald's had a net margin of 25.77% and a negative return on equity of 135.58%. The company had revenue of $5.72 billion for the quarter, compared to analysts' expectations of $5.82 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. McDonald's's revenue was down 2.9% on a year-over-year basis. On average, research analysts anticipate that McDonald's will post 9.8 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a $1.38 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a yield of 2.13%. McDonald's's dividend payout ratio is 67.98%.

Insider Activity at McDonald's

In related news, SVP Catherine A. Hoovel sold 2,371 shares of McDonald's stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the completion of the transaction, the senior vice president now directly owns 1,184 shares in the company, valued at approximately $302,654.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Ian Frederick Borden sold 5,320 shares of the company's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $265.00, for a total value of $1,409,800.00. Following the completion of the transaction, the insider now directly owns 7,131 shares in the company, valued at $1,889,715. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Catherine A. Hoovel sold 2,371 shares of the company's stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the transaction, the senior vice president now owns 1,184 shares of the company's stock, valued at $302,654.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,191 shares of company stock worth $5,250,365. Corporate insiders own 0.25% of the company's stock.