McDonald’s (NYSE:MCD) shares fall 0.1%

VaselineAugust 27, 2024

0 4 minutes read

McDonald’s Co. stock price. (NYSE:MCD – Get Free Report ) was down 0.1% during trading on Thursday. The company traded as high as $288.30 and last traded at $289.39. About 324,964 shares traded hands during trading, down 91% from the average daily volume of 3,554,052 shares. Shares previously closed at $289.71.

The Wall Street analyst weighs in

A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Jefferies Financial Group cut their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Monday, July 29th. BMO Capital Markets lowered their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Loop Capital decreased their price target on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and an average price target of $303.71, according to MarketBeat .

Get our latest McDonald’s analysis

McDonald’s Price Performance

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The firm has a 50-day moving average of $262.15 and a 200-day moving average of $271.00. The stock has a market cap of $208.63 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD – Get Your Free Report ) last announced its quarterly earnings data 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 net margin of 32.25% and a negative return on equity of 178.92%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the business earned $3.17 EPS. The company’s revenue fell 0.1% year over year. On average, equities analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents an annualized dividend of $6.68 and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider buying and selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,793 shares of company stock worth $1,260,106. 0.23% of shares are held by insiders.

McDonald’s Institutional Trading

Institutional investors have recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. bought a new stake in McDonald’s in the first quarter worth about $28,000. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $31,000. Clear Investment Research LLC purchased a new position in McDonald’s in the 4th quarter valued at about $38,000. Kings Path Partners LLC purchased a new position in McDonald’s in the second quarter valued at about $38,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $39,000. 70.29% of shares are currently owned by institutional investors.

About McDonald’s

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McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. 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 selling various other items during limited-time promotions.