On May 25th, 2023, McDonald’s announced that its board of directors has declared a regular quarterly dividend of $1.52 per share ($6.08 annually), remaining the same as the previous dividend payment.
For shareholders to qualify for the dividend payment, shares must be purchased before the ex-dividend date on June 2nd, 2023. Shareholders of record as of June 5th, 2023, will receive the payment on June 20th, 2023.
The current dividend yield is 2.13% with the current share price at $286.04 per share. Over the last five years, taking a weekly sample, the average dividend yield has been 2.37% with the lowest at 2.04% and the highest at 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.
The company’s dividend payout ratio is 0.65. This ratio tells how much of a company’s income is paid out in dividends. A ratio greater than one means the company is dipping into savings to maintain its dividend. Typically companies with fewer growth prospects are expected to pay out more of their income in dividends which translates to a payout ratio between 0.5 and 1.0. Companies with better prospects tend to retain some of their earnings to invest in growth prospects with a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.22%, which shows an increase in dividend over time.
Learn to Harvest Dividends
You can easily harvest dividends by buying shares, capturing the dividend, selling shares and repeating the process. You can do this with Fintel’s Dividend Capture Calendar.
What is the Fund Sentiment?
There are 4087 funds or institutions reporting positions in McDonald’s, which has increased by 2.00% or 80 owners in the last quarter. The average portfolio weight of all funds dedicated to MCD is 0.59%, which has increased by 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 11th, 2023, the average one-year price target for McDonald’s is $323.90, varying from a low of $291.89 to a high of $363.30. The average price target indicates an increase of 13.23% from the latest reported closing price of $286.04.
Check our leaderboard of companies with the highest price target upside.
McDonald’s projected annual revenue is $23,793MM, a rise 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 owns 22,672K shares, representing 3.11% ownership of the company. In its 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 owns 17,091K shares, representing 2.34% ownership of the company. In its 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 owns 15,451K shares, representing 2.12% ownership of the company. In its 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 has 14,597K shares, representing 2.00% ownership of the company. In its 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.
About McDonald’s Corporation
(This description is provided by the company.)
McDonald’s
Related Posts
