McDonald's (NYSE:MCD) Trading Up 0.6%

McDonald's Co. (NYSE:MCD - Get Free Report) shares traded up 0.6% on Monday . The stock traded as high as $261.16 and last traded at $260.85. 760,875 shares traded hands during trading, a decline of 77% from the average session volume of 3,363,294 shares. The stock had previously closed at $259.39.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MCD shares. Truist Financial reduced their price target on shares of McDonald's from $337.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. KeyCorp dropped their price target on McDonald's from $315.00 to $310.00 and set an "overweight" rating for the company in a research report on Wednesday, May 1st. Erste Group Bank reiterated a "hold" rating on shares of McDonald's in a research report on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on shares of McDonald's in a research report on Thursday, June 13th. They set a "neutral" rating and a $288.00 target price for the company. Finally, Argus reissued a "hold" rating on shares of McDonald's in a research note on Monday, March 25th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $315.14.

McDonald's Price Performance

The stock has a 50-day simple moving average of $264.32 and a 200-day simple moving average of $280.02. The stock has a market cap of $187.62 billion, a PE ratio of 22.10, a P/E/G ratio of 2.86 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.16 billion. McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 EPS. As a group, equities research analysts anticipate that McDonald's Co. will post 12.19 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.57%. McDonald's's dividend payout ratio (DPR) is 56.71%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company's stock, valued at $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock valued at $1,100,625 over the last quarter. Company insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of McDonald's by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant's stock worth $20,473,811,000 after buying an additional 599,745 shares during the period. Norges Bank acquired a new position in McDonald's during the 4th quarter worth $2,684,899,000. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald's by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant's stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Gallagher Fiduciary Advisors LLC raised its stake in shares of McDonald's by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of McDonald's by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares during the period. 70.29% of the stock is currently owned by institutional investors.

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.