McDonald’s Corp. Given “Positive” Rating at TheStreet (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “positive” rating reiterated by equities researchers at TheStreet in a research report issued on Thursday, Analyst Ratings Network reports.
The analysts wrote, “McDonald’s Corporation (MCD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of McDonald’s Corp. (NYSE:MCD) in a research note to investors on Tuesday, August 27th. Finally, analysts at Credit Suisse cut their price target on shares of McDonald’s Corp. (NYSE:MCD) from $110.00 to $108.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. McDonald’s Corp. currently has an average rating of “Buy” and an average target price of $103.30.
In other McDonald’s Corp. news, COO Timothy Fenton sold 20,000 shares of the company’s stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.23, for a total value of $1,944,600.00. Following the transaction, the chief operating officer now directly owns 24,291 shares in the company, valued at approximately $2,361,814. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
McDonald’s Corp. (NYSE:MCD) traded up 0.39% on Thursday, hitting $98.00. 1,425,916 shares of the company’s stock traded hands. McDonald’s Corp. has a one year low of $83.31 and a one year high of $103.70. The stock has a 50-day moving average of $96.48 and a 200-day moving average of $98.92. The company has a market cap of $97.965 billion and a P/E ratio of 17.87.
McDonald’s Corp. (NYSE:MCD) last released its earnings data on Monday, July 22nd. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, November 27th. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.77.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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