McDonald’s (NYSE:MCD) Given New $290.00 Price Target at Deutsche Bank Aktiengesellschaft

McDonald’s (NYSE:MCD) had its price target cut by Deutsche Bank Aktiengesellschaft from $295.00 to $290.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the fast-food giant’s stock.

A number of other equities analysts have also recently issued reports on the company. Wedbush restated an outperform rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. KeyCorp lowered their target price on McDonald’s from $310.00 to $305.00 and set an overweight rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on McDonald’s from $290.00 to $270.00 and set an overweight rating for the company in a report on Tuesday. Evercore ISI lowered their target price on McDonald’s from $330.00 to $300.00 and set an outperform rating for the company in a report on Tuesday, July 16th. Finally, TD Cowen reiterated a buy rating and issued a $285.00 target price on shares of McDonald’s in a report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $303.00.

McDonald’s Stock Up 3.0 %

MCD opened at $276.70 on Tuesday. The business has a fifty day moving average of $255.91 and a 200 day moving average of $272.90. McDonald’s has a 52-week low of $243.53 and a 52-week high of $302.39. The stock has a market cap of $199.41 billion, a P/E ratio of 23.49, a PEG ratio of 3.28 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the firm earned $3.17 EPS. McDonald’s’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that McDonald’s will post 11.78 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,594 shares of company stock valued at $1,454,507. Company insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

A number of hedge funds have recently modified their holdings of the stock. Mayflower Financial Advisors LLC boosted its stake in shares of McDonald’s by 2.2% in the second quarter. Mayflower Financial Advisors LLC now owns 4,735 shares of the fast-food giant’s stock worth $1,207,000 after buying an additional 104 shares during the last quarter. Range Financial Group LLC boosted its stake in shares of McDonald’s by 126.3% in the second quarter. Range Financial Group LLC now owns 9,349 shares of the fast-food giant’s stock worth $2,382,000 after buying an additional 5,218 shares during the last quarter. Mattern Capital Management LLC boosted its stake in shares of McDonald’s by 2.5% in the second quarter. Mattern Capital Management LLC now owns 29,319 shares of the fast-food giant’s stock worth $7,472,000 after buying an additional 703 shares during the last quarter. Stablepoint Partners LLC boosted its stake in shares of McDonald’s by 9.6% in the second quarter. Stablepoint Partners LLC now owns 21,365 shares of the fast-food giant’s stock worth $5,585,000 after buying an additional 1,879 shares during the last quarter. Finally, GPM Growth Investors Inc. purchased a new position in McDonald’s during the second quarter worth approximately $5,319,000. 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.