McDonald’s (NYSE:MCD) Sees Large Volume Increase

McDonald’s Co. (NYSE:MCD) saw unusually-high trading volume on Friday . Approximately 2,211,676 shares were traded during trading, a decline of 34% from the previous session’s volume of 3,332,937 shares.The stock last traded at $260.36 and had previously closed at $253.80.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. 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. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Wedbush decreased their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Trading Up 2.2 %

The firm has a market cap of $186.94 billion, a PE ratio of 22.02, a P/E/G ratio of 2.86 and a beta of 0.71. The company’s 50-day moving average is $264.43 and its 200 day moving average is $280.25.

McDonald’s (NYSE:MCD) last issued 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). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. On average, research analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.58%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on 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 owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,997 shares of company stock worth $815,145. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC bought a new stake in McDonald’s in the 4th quarter valued at $31,000. Spartan Planning & Wealth Management bought a new stake in McDonald’s in the 3rd quarter valued at $33,000. Clear Investment Research LLC bought a new stake in McDonald’s in the 4th quarter valued at $38,000. Finally, Keener Financial Planning LLC bought a new stake in McDonald’s in the 4th quarter valued at $39,000. Institutional investors and hedge funds 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.