Weekly Analysts’ Ratings Updates for McDonald’s (MCD)

McDonald’s (NYSE: MCD) has recently received a number of price target changes and ratings updates:

• 8/2/2024 – McDonald’s had its price target raised by analysts at Guggenheim from $280.00 to $290.00. They now have a “buy” rating on the stock.
• 7/31/2024 – McDonald’s was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $280.00 price target on the stock, down previously from $285.00.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at KeyCorp from $310.00 to $305.00. They now have an “overweight” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at JPMorgan Chase & Co. from $290.00 to $270.00. They now have an “overweight” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Barclays PLC from $320.00 to $300.00. They now have an “overweight” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at BMO Capital Markets from $330.00 to $315.00. They now have an “outperform” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Bank of America Co. from $288.00 to $278.00. They now have a “neutral” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Citigroup Inc. from $280.00 to $275.00. They now have a “neutral” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $295.00 to $290.00. They now have a “buy” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Loop Capital from $357.00 to $342.00. They now have a “buy” rating on the stock.
• 7/30/2024 – McDonald’s had its price target lowered by analysts at Truist Financial Co. from $300.00 to $295.00. They now have a “buy” rating on the stock.
• 7/29/2024 – McDonald’s had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $295.00 price target on the stock.
• 7/29/2024 – McDonald’s had its price target lowered by analysts at Jefferies Financial Group Inc. from $320.00 to $310.00. They now have a “buy” rating on the stock.
• 7/29/2024 – McDonald’s had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $285.00 price target on the stock.
• 7/22/2024 – McDonald’s had its price target lowered by analysts at Stifel Nicolaus from $285.00 to $265.00. They now have a “hold” rating on the stock.
• 7/19/2024 – McDonald’s had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $295.00 price target on the stock.
• 7/17/2024 – McDonald’s had its price target lowered by analysts at TD Cowen from $305.00 to $285.00. They now have a “buy” rating on the stock.
• 7/16/2024 – McDonald’s had its price target lowered by analysts at Evercore ISI from $330.00 to $300.00. They now have an “outperform” rating on the stock.
• 7/16/2024 – McDonald’s had its price target lowered by analysts at Citigroup Inc. from $297.00 to $280.00. They now have a “neutral” rating on the stock.
• 7/16/2024 – McDonald’s had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $310.00 to $295.00. They now have a “buy” rating on the stock.
• 7/11/2024 – McDonald’s had its price target lowered by analysts at Morgan Stanley from $312.00 to $300.00. They now have an “overweight” rating on the stock.
• 7/10/2024 – McDonald’s had its price target lowered by analysts at JPMorgan Chase & Co. from $300.00 to $290.00. They now have an “overweight” rating on the stock.
• 7/9/2024 – McDonald’s had its price target lowered by analysts at Truist Financial Co. from $320.00 to $300.00. They now have a “buy” rating on the stock.
• 7/2/2024 – McDonald’s had its price target lowered by analysts at Guggenheim from $315.00 to $280.00. They now have a “buy” rating on the stock.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $0.03 on Wednesday, reaching $270.34. 314,762 shares of the company were exchanged, compared to its average volume of 3,565,254. The company’s 50-day moving average is $257.76 and its two-hundred day moving average is $271.26. The firm has a market cap of $194.83 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the business earned $3.17 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Dividend Announcement

The company 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. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,794 shares of company stock valued at $1,234,491. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of McDonald’s

Hedge funds have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s in the first quarter valued at $28,000. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $31,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the second quarter worth $38,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

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.