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 equities research analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of McDonald's from $285.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, July 27th. Robert W. Baird set a $285.00 target price on McDonald's in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut shares of McDonald's from a "buy" rating to a "hold" rating and dropped their target price for the company from $263.00 to $259.00 in a report on Wednesday, July 27th. BMO Capital Markets lifted their price target on shares of McDonald's from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Finally, Credit Suisse Group lifted their target price on shares of McDonald's from $285.00 to $287.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.19.

McDonald's Trading Down 0.5 %

Shares of MCD Stock traded down $1.32 during trading hours on Monday, reaching $257.91. 13,832 shares of the stock were exchanged, compared to its average volume of 3,017,171. The company's 50-day moving average price is $250.10 and its 200-day moving average price is $247.74. McDonald's has a 12-month low of $217.68 and a 12-month high of $271.15. The firm has a market capitalization of $190.74 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 3.16 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. McDonald's had a net margin of 25.77% and a negative return on equity of 129.90%. McDonald's's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.37 EPS. On average, sell-side analysts expect that McDonald's will post 9.8 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be given a dividend of $1.38 per share. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.14%. McDonald's's dividend payout ratio is currently 67.98%.

Insider Activity

In other McDonald's news, SVP Catherine A. Hoovel sold 2,371 shares of the 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 transaction, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ian Frederick Borden sold 8,000 shares of the company's stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total value of $2,046,400.00. Following the sale, the insider now directly owns 7,131 shares in the company, valued at $1,824,109.80. 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 McDonald's stock in a transaction dated 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 sale, the senior vice president now owns 1,184 shares of the company's stock, valued at approximately $302,654.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,191 shares of company stock valued at $5,250,365. 0.18% of the stock is currently owned by company insiders.