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.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Credit Suisse Group boosted their price objective 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. Deutsche Bank Aktiengesellschaft downgraded McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the stock from $263.00 to $259.00 in a research report on Wednesday, July 27th. Truist Financial lifted their price objective on McDonald's from $273.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 27th. Citigroup increased their target price on McDonald's from $266.00 to $275.00 and gave the stock a "neutral" rating in a report on Wednesday, July 27th. Finally, KeyCorp boosted their price target on McDonald's from $285.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $284.74.

McDonald's Stock Down 0.0 %

MCD traded down $0.04 during trading on Friday, hitting $266.54. The company's stock had a trading volume of 1,832,972 shares, compared to its average volume of 2,974,497. The firm has a market capitalization of $196.10 billion, a P/E ratio of 32.83, a PEG ratio of 3.24 and a beta of 0.56. McDonald's has a twelve month low of $217.68 and a twelve month high of $271.15. The stock's fifty day moving average price is $252.66 and its 200-day moving average price is $248.41.

McDonald's (NYSE:MCD - Get Rating) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.08. McDonald's had a net margin of 25.77% and a negative return on equity of 129.90%. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. McDonald's's revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that McDonald's will post 9.83 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be paid a dividend of $1.38 per share. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a yield of 2.07%. McDonald's's dividend payout ratio (DPR) is presently 67.98%.

Insiders Place Their Bets

In other news, 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 transaction 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 $302,654.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was 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 directly owns 1,184 shares of the company's stock, valued at $302,654.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of McDonald's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,191 shares of company stock worth $5,250,365. Insiders own 0.25% of the company's stock.