Fintel reports that on April 21, 2023, Stifel maintained coverage of Mcdonald's (NYSE:MCD) with a Hold recommendation.
Analyst Price Forecast Suggests 3.70% Upside
As of April 6, 2023, the average one-year price target for Mcdonald's is $301.76. The forecasts range from a low of $272.70 to a high of $346.50. The average price target represents an increase of 3.70% from its latest reported closing price of $291.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mcdonald's is $23,793MM, an increase of 2.63%. The projected annual non-GAAP EPS is $10.57.
Mcdonald's Declares $1.52 Dividend
On February 2, 2023 the company declared a regular quarterly dividend of $1.52 per share ($6.08 annualized). Shareholders of record as of March 1, 2023 received the payment on March 15, 2023. Previously, the company paid $1.52 per share.
At the current share price of $291.00 / share, the stock's dividend yield is 2.09%. Looking back five years and taking a sample every week, the average dividend yield has been 2.38%, 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 1.34 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.
What are Other Shareholders Doing?
Wealthfront Advisers holds 79K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 79K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in MCD by 3.47% over the last quarter.
Eqis Capital Management holds 3K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 3K shares, representing a decrease of 10.24%. The firm increased its portfolio allocation in MCD by 1.14% over the last quarter.
INGIX - Voya U.S. Stock Index Portfolio Class I holds 156K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 149K shares, representing an increase of 4.23%. The firm increased its portfolio allocation in MCD by 9.16% over the last quarter.
Mcdonald Partners holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 5K shares, representing a decrease of 2.09%. The firm increased its portfolio allocation in MCD by 98,462.76% over the last quarter.
Seeyond holds 21K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 32K shares, representing a decrease of 51.68%. The firm decreased its portfolio allocation in MCD by 99.94% over the last quarter.
What is the Fund Sentiment?
There are 4028 funds or institutions reporting positions in Mcdonald's. This is an increase of 185 owner(s) or 4.81% in the last quarter. Average portfolio weight of all funds dedicated to MCD is 0.49%, a decrease of 18.81%. Total shares owned by institutions increased in the last three months by 0.69% to 555,092K shares. 
The put/call ratio of MCD is 1.29, indicating a bearish outlook.
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.
See all Mcdonald's regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
