McDonald’s Corp. Rating Reiterated by Deutsche Bank (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a $110.00 price objective on the stock. Deutsche Bank’s target price points to a potential upside of 16.16% from the stock’s previous close.
MCD has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “positive” rating on shares of McDonald’s Corp. in a research note to investors on Thursday, September 26th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s Corp. 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. The company presently has a consensus rating of “Buy” and a consensus price target of $103.30.
McDonald’s Corp. (NYSE:MCD) traded down 0.02% on Monday, hitting $94.68. 2,039,550 shares of the company’s stock traded hands. McDonald’s Corp. has a 1-year low of $83.31 and a 1-year high of $103.70. The stock has a 50-day moving average of $96.23 and a 200-day moving average of $98.77. The company has a market cap of $94.646 billion and a P/E ratio of 17.34. McDonald’s Corp. also was the target of unusually large options trading on Friday. Stock traders bought 10,876 put options on the stock. This is an increase of approximately 158% compared to the average daily volume of 4,215 put options.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Monday, July 22nd. The company reported $1.38 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.32 earnings per share. McDonald’s Corp.’s revenue was up 2.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders 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 3.42%. The ex-dividend date is Wednesday, November 27th. This is a positive change 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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