McDonald's (NYSE:MCD) Stock Price Down 0.2%

McDonald's Co. (NYSE:MCD - Get Free Report)'s share price was down 0.2% during mid-day trading on Thursday . The company traded as low as $257.05 and last traded at $257.32. Approximately 466,895 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 3,367,892 shares. The stock had previously closed at $257.83.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MCD shares. UBS Group dropped their price target on shares of McDonald's from $340.00 to $335.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. The Goldman Sachs Group started coverage on shares of McDonald's in a research note on Thursday, June 13th. They issued a "neutral" rating and a $288.00 price target on the stock. KeyCorp dropped their price target on shares of McDonald's from $315.00 to $310.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 1st. Robert W. Baird lowered their target price on shares of McDonald's from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of McDonald's from $315.00 to $300.00 and set a "hold" rating on the stock in a research note on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $315.14.

McDonald's Stock Performance

The company's fifty day moving average is $263.91 and its 200-day moving average is $279.67. The company has a market capitalization of $186.05 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during 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 company's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 earnings per share. On average, sell-side analysts expect that McDonald's Co. will post 12.19 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, June 3rd. McDonald's's dividend payout ratio is 56.71%.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 19 shares of the company's stock, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock worth $1,100,625 in the last three months. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MCD. Norges Bank bought a new position in shares of McDonald's during the 4th quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its position in McDonald's by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock worth $1,664,521,000 after buying an additional 5,609,736 shares during the last quarter. Capital Research Global Investors lifted its position in McDonald's by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after buying an additional 2,193,769 shares during the last quarter. International Assets Investment Management LLC lifted its position in McDonald's by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant's stock worth $644,739,000 after buying an additional 2,154,297 shares during the last quarter. Finally, Swedbank AB bought a new stake in McDonald's in the first quarter worth $348,206,000. 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.