McDonald's (NYSE:MCD) Shares Up 0.1%

McDonald's Co. (NYSE:MCD - Get Free Report)'s stock price rose 0.1% during trading on Friday . The company traded as high as $259.49 and last traded at $258.30. Approximately 728,755 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,363,767 shares. The stock had previously closed at $258.17.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Guggenheim dropped their price target on McDonald's from $325.00 to $315.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. TD Cowen reissued a "buy" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 13th. UBS Group lowered their price target on McDonald's from $340.00 to $335.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Wedbush cut their price objective on shares of McDonald's from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Finally, Citigroup lowered their target price on shares of McDonald's from $312.00 to $297.00 and set a "neutral" rating for the company in a report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $315.14.

McDonald's Stock Down 1.3 %

The business's 50 day moving average is $263.31 and its 200 day moving average is $279.28. The company has a market cap of $183.62 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.90 and a beta of 0.71.

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

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald's's dividend payout ratio is currently 56.71%.

Insider Transactions at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 800 shares of McDonald'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 transaction, 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 through the SEC website. In other McDonald's news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock valued at $1,100,625 in the last 90 days. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald's during the 1st quarter worth about $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald's during the fourth quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald's in the third quarter valued at approximately $33,000. Clear Investment Research LLC acquired a new position in McDonald's in the 4th quarter worth approximately $38,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald's during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

About McDonald's

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.