McDonald’s (NYSE:MCD) Rating Reiterated by Robert W. Baird

Robert W. Baird reaffirmed their outperform rating on shares of McDonald’s (NYSE:MCDFree Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $315.00 price objective on the fast-food giant’s stock.

Several other analysts have also recently issued reports on MCD. Truist Financial dropped their price objective on shares of McDonald’s from $345.00 to $340.00 and set a buy rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set an outperform rating for the company in a research note on Tuesday. DZ Bank raised shares of McDonald’s from a hold rating to a buy rating and set a $300.00 price objective for the company in a research note on Tuesday, October 31st. Barclays dropped their price objective on shares of McDonald’s from $343.00 to $340.00 and set an overweight rating for the company in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of McDonald’s from $330.00 to $315.00 and set an overweight rating for the company in a research note on Wednesday, October 11th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $320.10.

View Our Latest Stock Analysis on McDonald’s

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $289.41 on Tuesday. The firm has a 50-day simple moving average of $292.33 and a two-hundred day simple moving average of $280.22. The company has a market cap of $209.92 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73. McDonald’s has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that McDonald’s will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares in the company, valued at approximately $2,379,960.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total value of $1,261,968.75. Following the sale, the insider now directly owns 8,908 shares in the company, valued at approximately $2,505,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,583 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,379,960.90. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On McDonald’s

Hedge funds and other institutional investors have recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC grew its position in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter valued at $33,000. Horizon Bancorp Inc. IN grew its position in shares of McDonald’s by 160.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 117 shares of the fast-food giant’s stock valued at $35,000 after buying an additional 72 shares during the last quarter. Finally, Retirement Group LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at $37,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

About McDonald’s

(Get Free Report)

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

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Analyst Recommendations for McDonald's (NYSE:MCD)

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