McDonald`s (MCD) Declares $1.52 Dividend
McDonald`s said on May 25, 2023 that its board of directors declared a regular quarterly dividend of $1.52 per share ($6.08 annualized). Previously, the company paid $1.52 per share.
Shares must be purchased before the ex-div date of June 2, 2023 to qualify for the dividend. Shareholders of record as of June 5, 2023 will receive the payment on June 20, 2023.
At the current share price of $286.04 / share, the stock's dividend yield is 2.13%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.37%, the lowest has been 2.04%, and the highest has been 3.65%. The standard deviation of yields is 0.22 (n=237).
The current dividend yield is 1.11 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.65. 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.
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What is the Fund Sentiment?
There are 4087 funds or institutions reporting positions in McDonald`s. This is an increase of 80 owner(s) or 2.00% in the last quarter. Average portfolio weight of all funds dedicated to MCD is 0.59%, an increase of 28.02%. Total shares owned by institutions decreased in the last three months by 2.73% to 542,277K shares. 
The put/call ratio of MCD is 1.19, indicating a bearish outlook.
Analyst Price Forecast Suggests 13.23% Upside
As of May 11, 2023, the average one-year price target for McDonald`s is 323.90. The forecasts range from a low of 291.89 to a high of $363.30. The average price target represents an increase of 13.23% from its latest reported closing price of 286.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for McDonald`s is 23,793MM, an increase of 1.62%. The projected annual non-GAAP EPS is 10.57.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 22,672K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 22,260K shares, representing an increase of 1.82%. The firm decreased its portfolio allocation in MCD by 0.22% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 17,091K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 16,932K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in MCD by 0.68% over the last quarter.
Wellington Management Group Llp holds 15,451K shares representing 2.12% ownership of the company. In it's prior filing, the firm reported owning 16,087K shares, representing a decrease of 4.12%. The firm decreased its portfolio allocation in MCD by 85.78% over the last quarter.
Jpmorgan Chase holds 14,597K shares representing 2.00% ownership of the company. In it's prior filing, the firm reported owning 14,907K shares, representing a decrease of 2.13%. The firm decreased its portfolio allocation in MCD by 4.00% over the last quarter.
Bank Of America holds 13,935K shares representing 1.91% ownership of the company. In it's prior filing, the firm reported owning 13,841K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in MCD by 75.43% 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.