StockNews.com Lowers McDonald’s (NYSE:MCD) to Hold

StockNews.com cut shares of McDonald’s (NYSE:MCDFree Report) from a buy rating to a hold rating in a report released on Friday.

Several other research firms have also recently commented on MCD. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $278.00 and gave the stock an overweight rating in a research report on Tuesday, October 31st. Wedbush restated an outperform rating and set a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Truist Financial decreased their price target on shares of McDonald’s from $345.00 to $340.00 and set a buy rating for the company in a research note on Tuesday, February 6th. Citigroup decreased their price target on shares of McDonald’s from $327.00 to $310.00 and set a neutral rating for the company in a research note on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of McDonald’s in a research note on Thursday, October 19th. They issued a buy rating and a $287.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $320.10.

View Our Latest Analysis on MCD

McDonald’s Trading Up 0.0 %

Shares of McDonald’s stock opened at $289.53 on Friday. The business has a 50-day moving average price of $292.40 and a two-hundred day moving average price of $280.01. McDonald’s has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market cap of $210.01 billion, a P/E ratio of 25.02, a PEG ratio of 3.12 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that McDonald’s will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $1.67 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 4,583 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,379,960.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total value of $1,261,968.75. Following the sale, the insider now directly owns 8,908 shares of the company’s stock, valued at approximately $2,505,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the sale, the insider now directly owns 8,187 shares in the company, valued at $2,379,960.90. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of McDonald’s

Several large investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its holdings in McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Norges Bank purchased a new position in McDonald’s during the fourth quarter valued at $2,684,899,000. International Assets Investment Management LLC lifted its holdings in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in McDonald’s by 469.1% during the second quarter. Osaic Holdings Inc. now owns 2,471,671 shares of the fast-food giant’s stock valued at $129,170,000 after purchasing an additional 2,037,371 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after purchasing an additional 2,021,754 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

About McDonald’s

(Get Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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