McDonald's Co. to Issue Quarterly Dividend of $0.94 (MCD)
McDonald's Co. (NYSE:MCD) declared a quarterly dividend on Wednesday, May 24th. Stockholders of record on Monday, June 5th will be paid a dividend of 0.94 per share by the fast-food giant on Monday, June 19th. This represents a $3.76 annualized dividend and a dividend yield of 2.52%.
McDonald's Co. has raised its dividend payment by an average of 5.0% per year over the last three years and has raised its dividend every year for the last 40 years. McDonald's Co. has a payout ratio of 59.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect McDonald's Co. to earn $6.82 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 55.1%.
Shares of McDonald's Co. (NYSE:MCD) traded up 1.14% during trading on Wednesday, hitting $149.50. The stock had a trading volume of 3,389,590 shares. The stock’s 50 day moving average is $139.14 and its 200-day moving average is $127.52. McDonald's Co. has a 12-month low of $110.33 and a 12-month high of $149.99. The company has a market cap of $121.85 billion, a PE ratio of 26.39 and a beta of 0.69. McDonald's Co. also was the target of unusually large options trading on Wednesday. Traders purchased 1,922 call options on the stock. This represents an increase of approximately 266% compared to the typical daily volume of 525 call options.
McDonald's Co. (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.14. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. Analysts forecast that McDonald's Co. will post $6.38 earnings per share for the current year.
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Several equities research analysts have recently issued reports on MCD shares. JPMorgan Chase & Co. set a $130.00 price objective on McDonald's Co. and gave the stock a “buy” rating in a report on Thursday, February 2nd. SunTrust Banks, Inc. set a $137.00 price objective on McDonald's Co. and gave the stock a “buy” rating in a report on Tuesday, January 24th. Credit Suisse Group AG lifted their target price on McDonald's Co. to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. BTIG Research reiterated a “buy” rating and issued a $137.00 target price on shares of McDonald's Co. in a report on Tuesday, January 24th. Finally, Robert W. Baird set a $130.00 target price on McDonald's Co. and gave the company a “buy” rating in a report on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $141.50.
In related news, Director John J. Mulligan bought 1,600 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was bought at an average cost of $128.94 per share, with a total value of $206,304.00. Following the completion of the acquisition, the director now owns 1,600 shares of the company’s stock, valued at $206,304. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James R. Sappington sold 13,912 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total value of $1,967,017.68. Following the transaction, the vice president now directly owns 14,608 shares of the company’s stock, valued at $2,065,425.12. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of MCD. D Orazio & Associates Inc. raised its position in McDonald's Co. by 0.6% in the first quarter. D Orazio & Associates Inc. now owns 1,096 shares of the fast-food giant’s stock valued at $142,000 after buying an additional 6 shares during the period. Berkeley Capital Partners LLC raised its position in McDonald's Co. by 0.5% in the first quarter. Berkeley Capital Partners LLC now owns 2,312 shares of the fast-food giant’s stock valued at $300,000 after buying an additional 12 shares during the period. IHT Wealth Management LLC raised its position in McDonald's Co. by 0.5% in the first quarter. IHT Wealth Management LLC now owns 4,696 shares of the fast-food giant’s stock valued at $612,000 after buying an additional 22 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in McDonald's Co. by 0.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,539 shares of the fast-food giant’s stock valued at $1,236,000 after buying an additional 26 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC raised its position in McDonald's Co. by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 7,927 shares of the fast-food giant’s stock valued at $1,027,000 after buying an additional 34 shares during the period. 67.19% of the stock is owned by institutional investors.
McDonald's Co. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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