McDonald’s (NYSE:MCD) Price Target Lowered to $300.00 at Robert W. Baird

McDonald’s (NYSE:MCD) had its target price reduced by Robert W. Baird from $310.00 to $300.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the fast-food giant’s stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Truist Financial decreased their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. KeyCorp boosted their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $322.87.

McDonald’s Stock Down 0.3 %

NYSE:MCD opened at $299.32 on Monday. McDonald’s has a 12-month low of $243.53 and a 12-month high of $326.32. The stock’s fifty day simple moving average is $304.46 and its 200-day simple moving average is $298.84. The firm has a market capitalization of $213.85 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.10 and a beta of 0.62.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald’s’s dividend payout ratio is 62.16%.

Insiders Place Their Bets

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter valued at about $25,000. Mascagni Wealth Management Inc. acquired a new stake in McDonald’s in the fourth quarter worth $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s in the fourth quarter valued at $27,000. Finally, Collier Financial acquired a new position in shares of McDonald’s during the fourth quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

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.