McDonald’s Corp. Receives Positive Rating from TheStreet (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “positive” rating restated by stock analysts at TheStreet in a report issued on Tuesday, American Banking and Market News 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, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Monday. They now have a $110.00 price target on the stock. Separately, 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. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Tuesday, August 27th. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $103.30.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.02% during mid-day trading on Tuesday, hitting $94.34. 1,618,055 shares of the company’s stock traded hands. McDonald’s Corp. has a 52-week low of $83.31 and a 52-week high of $103.70. The stock has a 50-day moving average of $96.21 and a 200-day moving average of $98.74. The company has a market cap of $94.307 billion and a P/E ratio of 17.28.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly 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.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend 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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