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.

McDonald's Trading Down 0.8 %

McDonald's stock opened at $259.28 on Friday. The firm has a 50 day simple moving average of $250.60 and a 200 day simple moving average of $247.94. The firm has a market capitalization of $190.76 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 3.17 and a beta of 0.56. McDonald's has a 1-year low of $217.68 and a 1-year high of $271.15.

McDonald's (NYSE:MCD - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.08. The company had revenue of $5.72 billion during the quarter, compared to the consensus estimate of $5.82 billion. McDonald's had a net margin of 25.77% and a negative return on equity of 129.90%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. On average, equities research analysts forecast that McDonald's will post 9.8 EPS for the current year.

McDonald's Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on MCD. Guggenheim increased their price target on McDonald's to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Citigroup lifted their price objective on McDonald's from $266.00 to $275.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 27th. Robert W. Baird set a $285.00 price target on McDonald's in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the stock from $263.00 to $259.00 in a report on Wednesday, July 27th. Finally, BTIG Research reduced their price target on McDonald's from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, April 19th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $284.19.

Insider Activity at McDonald's

In other news, insider Ian Frederick Borden sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the transaction, the insider now owns 7,131 shares in the company, valued at $1,824,109.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other McDonald's news, insider Ian Frederick Borden sold 8,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the transaction, the insider now directly owns 7,131 shares in the company, valued at $1,824,109.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $606,075.02. Following the completion of the transaction, the senior vice president now owns 1,184 shares in the company, valued at $302,654.08. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock worth $5,250,365 over the last 90 days. 0.25% of the stock is owned by company insiders.