McDonald’s Corp.’s “Positive” Rating Reaffirmed at TheStreet (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “positive” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Friday, American Banking News.com 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 net income, 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.”
A number of other analysts have also recently weighed in on MCD. Analysts at Deutsche Bank reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Monday, October 7th. 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 equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.30.
McDonald’s Corp. (NYSE:MCD) traded down 0.32% on Friday, hitting $95.16. The stock had a trading volume of 2,645,790 shares. McDonald’s Corp. has a one year low of $83.31 and a one year high of $103.70. The stock’s 50-day moving average is $96.00 and its 200-day moving average is $98.49. The company has a market cap of $95.126 billion and a price-to-earnings ratio of 17.48.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results 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. Analysts expect that McDonald’s Corp. will post $5.60 EPS 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 3.39%. 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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