McDonald’s Corporation (NYSE:MCD) Receives $323.43 Consensus PT from Analysts

McDonald’s Corporation (NYSE:MCD) has been given a consensus rating of “Hold” by the twenty-eight research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $323.4348.

Several research firms have recently weighed in on MCD. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Melius initiated coverage on McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. Wells Fargo & Company lowered their price target on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Truist Financial dropped their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th.

McDonald’s Stock Up 0.6%

Shares of NYSE:MCD opened at $298.17 on Tuesday. The company has a market cap of $212.77 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.23 and a beta of 0.50. The business has a 50 day moving average price of $305.35 and a 200 day moving average price of $305.33. McDonald’s has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the company earned $2.97 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that McDonald’s will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.75%.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,487 shares of company stock valued at $1,395,970. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

Institutional investors have recently modified their holdings of the business. WealthPlan Investment Management LLC increased its position in shares of McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 32 shares in the last quarter. Security Financial Services INC. increased its holdings in McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares in the last quarter. WD Rutherford LLC raised its stake in shares of McDonald’s by 1.0% in the 3rd quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after purchasing an additional 33 shares during the period. Ascent Wealth Partners LLC lifted its holdings in shares of McDonald’s by 0.3% in the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock valued at $3,620,000 after purchasing an additional 34 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its position in shares of McDonald’s by 1.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after buying an additional 34 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.