McDonald’s (NYSE:MCD) Price Target Raised to $330.00 at Jefferies Financial Group

McDonald’s (NYSE:MCD) had its price objective boosted by Jefferies Financial Group from $310.00 to $330.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have a buy rating on the fast-food giant’s stock.

Other equities analysts have also recently issued reports about the company. TD Cowen cut McDonald’s from a buy rating to a hold rating and reduced their target price for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Citigroup reduced their price objective on shares of McDonald’s from $280.00 to $275.00 and set a neutral rating on the stock in a research note on Tuesday, July 30th. Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a hold rating for the company in a research report on Monday, July 22nd. KeyCorp cut their target price on shares of McDonald’s from $310.00 to $305.00 and set an overweight rating on the stock in a research note on Tuesday, July 30th. Finally, BMO Capital Markets lowered their price objective on McDonald’s from $330.00 to $315.00 and set an outperform rating for the company in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $304.41.

McDonald’s Price Performance

McDonald’s stock opened at $292.35 on Monday. McDonald’s has a 12-month low of $243.53 and a 12-month high of $302.39. The company has a market capitalization of $210.69 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.72. The firm’s fifty day moving average price is $271.99 and its 200 day moving average price is $270.81.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.17 earnings per share. Analysts forecast that McDonald’s will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 in the last three months. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MCD. Concentric Wealth Management LLC raised its holdings in shares of McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after purchasing an additional 35 shares in the last quarter. FinTrust Capital Advisors LLC lifted its position in McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after buying an additional 36 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in shares of McDonald’s by 0.7% during the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after buying an additional 36 shares during the period. 9258 Wealth Management LLC grew its holdings in shares of McDonald’s by 1.3% during the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after acquiring an additional 37 shares in the last quarter. Finally, MTM Investment Management LLC increased its stake in shares of McDonald’s by 3.3% in the first quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock worth $331,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Company Profile

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.