McDonald’s (NYSE:MCD) Trading Up 0%

Shares of McDonald’s Co. (NYSE:MCD) shot up 0% during mid-day trading on Thursday . The company traded as high as $294.76 and last traded at $292.09. 449,729 shares were traded during trading, a decline of 87% from the average session volume of 3,447,795 shares. The stock had previously closed at $292.03.

Analysts Set New Price Targets

MCD has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Tigress Financial raised their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Tuesday, September 10th. Citigroup raised their price objective on McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Finally, TD Cowen downgraded McDonald’s from a “buy” rating to a “hold” rating and dropped their target price for the company from $285.00 to $280.00 in a report on Wednesday, July 31st. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.11.

McDonald’s Price Performance

The stock’s 50 day moving average price is $277.30 and its two-hundred day moving average price is $270.88. The firm has a market capitalization of $213.88 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $3.17 earnings per share. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders have sold 5,193 shares of company stock worth $1,403,593 over the last three months. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MCD. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in McDonald’s by 312.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock worth $10,543,000 after acquiring an additional 31,351 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its position in shares of McDonald’s by 12.5% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 4,738 shares of the fast-food giant’s stock worth $1,207,000 after purchasing an additional 528 shares during the last quarter. American Trust raised its stake in shares of McDonald’s by 10.9% during the 2nd quarter. American Trust now owns 7,653 shares of the fast-food giant’s stock worth $1,950,000 after purchasing an additional 754 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $2,762,000. Finally, Lazari Capital Management Inc. grew its stake in shares of McDonald’s by 20.7% in the second quarter. Lazari Capital Management Inc. now owns 1,928 shares of the fast-food giant’s stock valued at $491,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Company Profile

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.