McDonald's Co. Now Covered by Standpoint Research (MCD)
Analysts at Standpoint Research initiated coverage on shares of McDonald's Co. (NYSE:MCD) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “strong sell” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Wednesday, May 21st. They now have a $107.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of McDonald's Co. in a research note on Monday, May 19th. They now have a $113.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of McDonald's Co. from $110.00 to $115.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. McDonald's Co. has a consensus rating of “Hold” and a consensus target price of $105.10.
McDonald's Co. (NYSE:MCD) traded down 0.84% during mid-day trading on Wednesday, hitting $101.4951. The stock had a trading volume of 2,956,700 shares. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock’s 50-day moving average is $101. and its 200-day moving average is $97.34. The company has a market cap of $100.3 billion and a P/E ratio of 18.60.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that McDonald's Co. will post $5.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, May 29th.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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