McDonald’s (NYSE:MCD) Coverage Initiated at Stephens

Stephens began coverage on shares of McDonald’s (NYSE:MCDGet Rating) in a report released on Thursday morning, The Fly reports. The brokerage issued an overweight rating on the fast-food giant’s stock.

Other equities analysts have also recently issued research reports about the company. Cowen upped their price target on McDonald’s from $275.00 to $290.00 and gave the stock an outperform rating in a report on Wednesday, July 27th. Piper Sandler upped their price target on McDonald’s from $263.00 to $270.00 and gave the stock an overweight rating in a report on Wednesday, September 7th. Guggenheim upped their price target on McDonald’s to $290.00 and gave the stock an outperform rating in a report on Wednesday, July 27th. Robert W. Baird set a $285.00 price target on McDonald’s in a report on Tuesday, July 19th. Finally, Morgan Stanley reduced their price target on McDonald’s from $287.00 to $285.00 and set an overweight rating for the company in a report on Monday, July 18th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $285.04.

McDonald’s Stock Down 1.3 %

Shares of MCD stock opened at $247.94 on Thursday. The stock has a market cap of $182.41 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. The business has a 50-day simple moving average of $258.22 and a 200-day simple moving average of $249.50. McDonald’s has a 52-week low of $217.68 and a 52-week high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.08. The business had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 EPS. Sell-side analysts anticipate that McDonald’s will post 9.83 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 31st. McDonald’s’s dividend payout ratio is presently 67.98%.

Insider Activity at McDonald’s

In related news, SVP Catherine A. Hoovel sold 2,371 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.62, for a total value of $606,075.02. Following the transaction, the senior vice president now directly owns 1,184 shares in the company, valued at $302,654.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, insider Ian Frederick Borden sold 5,320 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the transaction, the insider now directly owns 7,131 shares in the company, valued at $1,889,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the completion of the sale, the senior vice president now owns 1,184 shares in the company, valued at $302,654.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,191 shares of company stock worth $5,250,365. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Artemis Wealth Advisors LLC purchased a new position in shares of McDonald’s during the 1st quarter worth approximately $28,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at about $37,000. Rational Advisors LLC grew its position in shares of McDonald’s by 60.6% during the 1st quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of McDonald’s during the 2nd quarter valued at about $39,000. Finally, Cascade Investment Advisors Inc. grew its position in shares of McDonald’s by 70.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

About McDonald’s

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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