McDonald's (NYSE:MCD) Stock Price Up 2.7% - What's Next?

McDonald's Co. (NYSE:MCD - Get Free Report)'s share price rose 2.7% during mid-day trading on Tuesday . The company traded as high as $316.92 and last traded at $317.08. Approximately 606,044 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 3,572,213 shares. The stock had previously closed at $308.72.

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp increased their price objective 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. Wedbush raised their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Robert W. Baird decreased their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. TD Securities reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Finally, Piper Sandler decreased their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Stock Down 0.5 %

The firm has a market cap of $226.43 billion, a PE ratio of 27.81, a P/E/G ratio of 3.10 and a beta of 0.62. The firm's fifty day simple moving average is $307.79 and its two-hundred day simple moving average is $299.60.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock valued at $8,676,247. Corporate insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On McDonald's

Hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc increased its holdings in shares of McDonald's by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after buying an additional 385 shares during the last quarter. McIlrath & Eck LLC increased its stake in McDonald's by 11.6% during the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock worth $468,000 after acquiring an additional 160 shares during the last quarter. Virtu Financial LLC bought a new stake in McDonald's during the third quarter worth approximately $1,647,000. Diamant Asset Management Inc. raised its position in McDonald's by 1.9% during the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock valued at $2,906,000 after purchasing an additional 180 shares during the period. Finally, Tudor Financial Inc. bought a new stake in shares of McDonald's in the 3rd quarter valued at approximately $394,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Company Profile

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.