McDonald's Co. PT Raised to $114.00 at Morgan Stanley (MCD)
Investment analysts at Morgan Stanley increased their price target on shares of McDonald's Co. (NYSE:MCD) from $113.00 to $114.00 in a note issued to investors on Wednesday. Morgan Stanley’s price objective indicates a potential upside of 12.37% from the company’s current price.
MCD has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of McDonald's Co. from $96.00 to $103.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of McDonald's Co. from $104.00 to $106.00 in a research note on Friday, May 30th. They now have an “overweight” rating on the stock. Finally, analysts at Standpoint Research initiated coverage on shares of McDonald's Co. in a research note on Wednesday, May 28th. They set a “strong sell” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. McDonald's Co. presently has a consensus rating of “Hold” and a consensus price target of $105.70.
Shares of McDonald's Co. (NYSE:MCD) traded up 0.64% on Wednesday, hitting $102.095. 944,798 shares of the company’s stock traded hands. McDonald's Co. has a 1-year low of $92.22 and a 1-year high of $103.78. The stock has a 50-day moving average of $101.4 and a 200-day moving average of $97.49. The company has a market cap of $100.9 billion and a price-to-earnings ratio of 18.44.
McDonald's Co. (NYSE:MCD) last released its earnings data 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. Analysts expect that McDonald's Co. will post $5.76 EPS 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 3.19%. 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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