McDonald’s Co. (NYSE:MCD) Receives $320.60 Consensus PT from Analysts

McDonald’s Co. (NYSE:MCD) has earned a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $320.60.

A number of equities research analysts recently issued reports on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. HSBC assumed coverage on McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price target for the company. TD Cowen restated an “outperform” rating and set a $325.00 target price on shares of McDonald’s in a research note on Tuesday, March 19th. Wedbush restated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus increased their price target on shares of McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a research report on Thursday, January 4th.

McDonald’s Stock Down 0.8 %

NYSE MCD opened at $275.59 on Monday. McDonald’s has a 52-week low of $245.73 and a 52-week high of $302.39. The business’s 50-day moving average price is $289.21 and its 200 day moving average price is $280.91. The firm has a market cap of $198.99 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 EPS. As a group, analysts anticipate that McDonald’s will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Independent Wealth Network Inc. increased its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the period. Concentric Wealth Management LLC boosted its position in McDonald’s by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after buying an additional 35 shares in the last quarter. Paragon Capital Management Ltd boosted its position in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares in the last quarter. Mechanics Financial Corp boosted its position in McDonald’s by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after buying an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after buying an additional 36 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.