McDonald’s (NYSE:MCD) Price Target Lowered to $280.00 at Guggenheim

McDonald’s (NYSE:MCD) had its price target decreased by Guggenheim from $315.00 to $280.00 in a report issued on Tuesday, Marketbeat.com reports. Guggenheim currently has a buy rating on the fast-food giant’s stock.

Other research analysts also recently issued reports about the company. Erste Group Bank reaffirmed a hold rating on shares of McDonald’s in a report on Wednesday, April 3rd. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They issued a neutral rating and a $288.00 target price on the stock. Robert W. Baird lowered their price target on shares of McDonald’s from $305.00 to $300.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Truist Financial reduced their price objective on shares of McDonald’s from $337.00 to $320.00 and set a buy rating on the stock in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of McDonald’s from $315.00 to $300.00 and set a hold rating on the stock in a report on Thursday, April 11th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $313.89.

McDonald’s Stock Down 0.9 %

Shares of MCD opened at $247.79 on Tuesday. The stock has a market cap of $178.58 billion, a PE ratio of 21.04, a PEG ratio of 2.87 and a beta of 0.71. The business has a 50-day simple moving average of $262.80 and a two-hundred day simple moving average of $278.79. McDonald’s has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.63 earnings per share. On average, equities research analysts expect that McDonald’s will post 12.19 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock worth $1,100,625 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McDonald’s

Several large investors have recently added to or reduced their stakes in MCD. Roffman Miller Associates Inc. PA grew its position in shares of McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its holdings in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of McDonald’s during the fourth quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $211,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.