McDonald’s Corp. (MCD) Plans Quarterly Dividend of $0.81
McDonald’s Corp. (NYSE:MCD) declared a quarterly dividend on Wednesday, September 18th, AnalystRatingsNetwork.com reports. Investors of record on Monday, December 2nd will be given a dividend of $0.81 per share on Monday, December 16th. This represents a $3.24 dividend on an annualized basis and a yield of 3.28%.
A number of research firms have recently commented on MCD. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. (NYSE:MCD) in a research note to investors on Monday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s Corp. (NYSE:MCD) in a research note to investors on Wednesday, September 4th. They now have a $99.00 price target on the stock.
Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. McDonald’s Corp. presently has an average rating of “Buy” and a consensus price target of $103.30.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.80% on Wednesday, hitting $98.70. The stock had a trading volume of 4,280,681 shares. McDonald’s Corp. has a 52-week low of $83.31 and a 52-week high of $103.70. The stock’s 50-day moving average is $96.6 and its 200-day moving average is $98.87. The company has a market cap of $98.665 billion and a price-to-earnings ratio of 17.93.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.02. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that McDonald’s Corp. will post $5.61 earnings per share for the current fiscal year.
In other McDonald’s Corp. news, COO Timothy Fenton sold 20,000 shares of the stock on the open market in a transaction dated Friday, September 13th. The shares were sold at an average price of $97.23, for a total transaction of $1,944,600.00. Following the completion of the transaction, the chief operating officer now directly owns 24,291 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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