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

Several research analysts recently commented on MCD shares. Guggenheim boosted their price target on McDonald's to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Morgan Stanley cut their price objective on McDonald's from $287.00 to $285.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Credit Suisse Group boosted their target price on shares of McDonald's from $285.00 to $287.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. KeyCorp upped their price target on shares of McDonald's from $285.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 27th. Finally, Cowen upped their price target on shares of McDonald's from $275.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.19.

McDonald's Stock Up 0.1 %

McDonald's stock traded up $0.22 during midday trading on Monday, reaching $262.40. The stock had a trading volume of 8,273 shares, compared to its average volume of 3,010,716. The firm has a market cap of $193.05 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.56. The company has a fifty day moving average of $251.06 and a 200 day moving average of $248.04. McDonald's has a 52-week low of $217.68 and a 52-week high of $271.15.

McDonald's (NYSE:MCD - Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.08. The company had revenue of $5.72 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.37 earnings per share. Equities research analysts predict that McDonald's will post 9.8 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, August 31st. McDonald's's payout ratio is 67.98%.

Insider Buying and Selling

In other McDonald's 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 transaction of $606,075.02. Following the transaction, 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 filing with the SEC, which is available at this link. In other McDonald's news, SVP Catherine A. Hoovel sold 2,371 shares of the 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 directly owns 1,184 shares of the company's stock, valued at approximately $302,654.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ian Frederick Borden sold 5,320 shares of the 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 sale, the insider now owns 7,131 shares of the company's stock, valued at approximately $1,889,715. The disclosure for this sale can be found here. Insiders sold a total of 20,191 shares of company stock worth $5,250,365 in the last 90 days. Company insiders own 0.18% of the company's stock.