McDonald’s Corp. Stock Rating Reaffirmed by TheStreet (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “positive” rating reiterated by research analysts at TheStreet in a report released on Sunday, American Banking 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, 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.”
In other McDonald’s Corp. news, Insider Kevin M. Ozan sold 4,380 shares of McDonald’s Corp. stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $95.00, for a total transaction of $416,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of McDonald’s Corp. from $110.00 to $105.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s Corp. in a research note to investors on Tuesday, October 22nd. They now have a $99.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of McDonald’s Corp. from $107.00 to $105.00 in a research note to investors on Tuesday, October 22nd. They now have a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $102.95.
McDonald’s Corp. (NYSE:MCD) opened at 94.78 on Friday. McDonald’s Corp. has a 1-year low of $83.31 and a 1-year high of $103.70. The stock’s 50-day moving average is $96.61 and its 200-day moving average is $98.82. The company has a market cap of $94.746 billion and a P/E ratio of 17.09.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Monday, October 21st. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter last year, the company posted $1.43 earnings per share. McDonald’s Corp.’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Corp. will post $5.57 earnings per share for the current fiscal 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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