JPMorgan Chase & Co. Increases McDonald's Co. Price Target to $106.00 (MCD)
Investment analysts at JPMorgan Chase & Co. lifted their price target on shares of McDonald's Co. (NYSE:MCD) from $104.00 to $106.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 4.60% from the company’s current price.
A number of other analysts have also recently weighed in on MCD. Analysts at Standpoint Research initiated coverage on shares of McDonald's Co. in a research note on Wednesday. They set a “strong sell” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $105.17.
Shares of McDonald's Co. (NYSE:MCD) traded down 0.11% on Friday, hitting $101.225. The stock had a trading volume of 2,792,452 shares. McDonald's Co. has a 52 week low of $92.22 and a 52 week high of $103.78. The stock has a 50-day moving average of $101.3 and a 200-day moving average of $97.39. The company has a market cap of $100.1 billion and a P/E ratio of 18.42.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, April 22nd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.26 earnings per share. McDonald's Co.’s revenue was up 1.4% compared to the same quarter last year. 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. Stockholders 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 3.20%. 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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