McDonald's Co. Given New $98.00 Price Target at Buckingham Research (MCD)
Stock analysts at Buckingham Research decreased their price target on shares of McDonald's Co. (NYSE:MCD) to $98.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Buckingham Research’s price target would suggest a potential upside of 1.80% from the company’s current price.
A number of other analysts have also recently weighed in on MCD. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of McDonald's Co. in a research note on Wednesday, July 16th. They now have a $96.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald's Co. in a research note on Monday, June 9th. Finally, analysts at Morgan Stanley raised their price target on shares of McDonald's Co. from $113.00 to $114.00 in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. McDonald's Co. currently has a consensus rating of “Hold” and an average target price of $105.04.
Shares of McDonald's Co. (NYSE:MCD) opened at 96.27 on Wednesday. McDonald's Co. has a 1-year low of $92.22 and a 1-year high of $103.78. The stock’s 50-day moving average is $100.7 and its 200-day moving average is $98.49. The company has a market cap of $95.155 billion and a price-to-earnings ratio of 17.73.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, July 22nd. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.44 by $0.04. The company had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that McDonald's Co. will post $5.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, August 28th.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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