McDonald’s (NYSE:MCD) PT Lowered to $310.00

McDonald’s (NYSE:MCD) had its target price reduced by Jefferies Financial Group from $320.00 to $310.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the fast-food giant’s stock.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus lowered 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 report on Monday, July 22nd. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. Citigroup lowered their price objective on shares of McDonald’s from $297.00 to $280.00 and set a neutral rating for the company in a research report on Tuesday, July 16th. Bank of America lowered their price objective on shares of McDonald’s from $302.00 to $288.00 and set a neutral rating for the company in a research report on Tuesday, May 28th. Finally, Evercore ISI lowered their price objective on shares of McDonald’s from $330.00 to $300.00 and set an outperform rating for the company in a research report on Tuesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $302.64.

McDonald’s Trading Up 1.3 %

MCD stock opened at $268.75 on Monday. McDonald’s has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a 50-day moving average price of $255.54 and a 200 day moving average price of $273.02. The stock has a market cap of $193.68 billion, a PE ratio of 22.81, a P/E/G ratio of 3.28 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the firm posted $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that McDonald’s will post 11.78 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.49%. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’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 transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,594 shares of company stock worth $1,454,507. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of McDonald’s

Large investors have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at $31,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the fourth quarter worth $38,000. Kings Path Partners LLC purchased a new stake in McDonald’s during the second quarter worth $38,000. Finally, Keener Financial Planning LLC purchased a new stake in McDonald’s during the fourth quarter worth $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

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.