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

Several research firms have recently issued reports on MCD. BMO Capital Markets upped their price objective on McDonald's from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. upped their price target on shares of McDonald's from $260.00 to $275.00 in a research report on Tuesday, May 3rd. Royal Bank of Canada lifted their price target on shares of McDonald's from $292.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Barclays decreased their price objective on McDonald's from $289.00 to $285.00 and set an "overweight" rating for the company in a report on Wednesday, July 27th. Finally, Citigroup upped their price target on McDonald's from $266.00 to $275.00 and gave the company a "neutral" rating in a research report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $284.19.

McDonald's Trading Up 0.5 %

NYSE:MCD opened at $261.36 on Thursday. The company has a market cap of $192.29 billion, a P/E ratio of 32.19, a PEG ratio of 3.16 and a beta of 0.56. The company has a fifty day simple moving average of $250.36 and a 200 day simple moving average of $247.85. McDonald's has a 12-month low of $217.68 and a 12-month high of $271.15.

McDonald's (NYSE:MCD - Get Rating) last issued its quarterly earnings data 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. McDonald's had a net margin of 25.77% and a negative return on equity of 129.90%. The firm had revenue of $5.72 billion during the quarter, compared to analysts' expectations of $5.82 billion. During the same period last year, the company earned $2.37 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. Sell-side 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. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.11%. McDonald's's dividend payout ratio is presently 67.98%.

Insider Activity at McDonald's

In other news, SVP Catherine A. Hoovel sold 2,371 shares of the 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 in the company, valued at $302,654.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other McDonald's news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Catherine A. Hoovel sold 2,371 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 1,184 shares of the company's stock, valued at $302,654.08. The disclosure for this sale can be found here. Insiders have sold a total of 20,191 shares of company stock valued at $5,250,365 over the last 90 days. Insiders own 0.18% of the company's stock.