McDonald’s (NYSE:MCD) Trading Down 1.2% – Here’s What Happened

McDonald’s Co. (NYSE:MCD)’s stock price fell 1.2% on Monday . The stock traded as low as $307.89 and last traded at $307.71. 363,555 shares traded hands during trading, a decline of 90% from the average session volume of 3,686,058 shares. The stock had previously closed at $311.30.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird dropped their price target on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Bank of America boosted their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Truist Financial decreased their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $322.87.

McDonald’s Stock Performance

The firm has a market cap of $218.40 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.10 and a beta of 0.62. The firm has a fifty day simple moving average of $307.38 and a 200-day simple moving average of $299.29.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On McDonald’s

Large investors have recently bought and sold shares of the company. Granite Bay Wealth Management LLC increased its stake in McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of McDonald’s by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its position in shares of McDonald’s by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares during the last quarter. Northeast Financial Consultants Inc grew its position in McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after acquiring an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in McDonald’s by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after acquiring an additional 34 shares in the last quarter. 70.29% of the stock is currently 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.