Mcdonald's (MCD) Declares $1.52 Dividend
Mcdonald's said on February 2, 2023 that its board of directors declared a regular quarterly dividend of $1.52 per share ($6.08 annualized). Shareholders of record as of February 28, 2023 will receive the payment on March 15, 2023. Previously, the company paid $1.52 per share.
At the current share price of $264.23 / share, the stock's dividend yield is 2.30%. Looking back five years and taking a sample every week, the average dividend yield has been 2.39%, the lowest has been 2.05%, and the highest has been 3.65%. The standard deviation of yields is 0.22 (n=237).
The current dividend yield is 0.42 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.72. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.22%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 12.53% Upside
As of February 3, 2023, the average one-year price target for Mcdonald's is $297.33. The forecasts range from a low of $252.50 to a high of $344.40. The average price target represents an increase of 12.53% from its latest reported closing price of $264.23.
The projected annual revenue for Mcdonald's is $23,793MM, an increase of 2.63%. The projected annual EPS is $10.57, an increase of 32.33%.
Fund Sentiment
There are 3896 funds or institutions reporting positions in Mcdonald's. This is an increase of 103 owner(s) or 2.72%.
Average portfolio weight of all funds dedicated to US:MCD is 0.6064%, an increase of 0.8962%. Total shares owned by institutions increased in the last three months by 0.15% to 550,817K shares.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 21,951,292 shares representing 3.00% ownership of the company. In it's prior filing, the firm reported owning 21,774,549 shares, representing an increase of 0.81%. The firm decreased its portfolio allocation in MCD by 1.79% over the last quarter.
Jpmorgan Chase & holds 18,722,427 shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 19,635,306 shares, representing a decrease of 4.88%. The firm decreased its portfolio allocation in MCD by 8.13% over the last quarter.
Wellington Management Group Llp holds 17,323,055 shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 19,749,024 shares, representing a decrease of 14.00%. The firm decreased its portfolio allocation in MCD by 87.95% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 16,678,029 shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 16,369,354 shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in MCD by 1.53% over the last quarter.
Geode Capital Management holds 13,522,969 shares representing 1.85% ownership of the company. In it's prior filing, the firm reported owning 13,353,765 shares, representing an increase of 1.25%. The firm decreased its portfolio allocation in MCD by 1.92% over the last quarter.
McDonald`s Background Information
(This description is provided by the company.)
McDonald's is the world's leading global foodservice retailer with over 39,000 locations in over 100 countries. Approximately 93% of McDonald's restaurants worldwide are owned and operated by independent local business owners.
This story originally appeared on Fintel.