McDonald’s’ (MCD) Hold Rating Reiterated at TD Securities

TD Securities reissued their hold rating on shares of McDonald’s (NYSE:MCD) in a research report released on Thursday,Benzinga reports. They currently have a $305.00 price target on the fast-food giant’s stock.

MCD has been the topic of a number of other research reports. Citigroup lifted their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Barclays lifted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. KeyCorp lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Thirteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.96.

McDonald’s Trading Down 0.5%

Shares of MCD opened at $307.44 on Thursday. McDonald’s has a twelve month low of $243.53 and a twelve month high of $326.32. The stock’s 50 day moving average is $312.29 and its two-hundred day moving average is $302.66. The firm has a market capitalization of $219.83 billion, a PE ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts predict that McDonald’s will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McDonald’s

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in McDonald’s during the fourth quarter worth approximately $2,725,190,000. Nuveen LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth $1,324,961,000. GAMMA Investing LLC raised its position in shares of McDonald’s by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after buying an additional 3,488,982 shares during the period. Raymond James Financial Inc. acquired a new position in McDonald’s in the fourth quarter valued at $703,074,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

About McDonald’s

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.