McDonald's Co. Given New $0.06 Price Target at Morgan Stanley (MCD)
Equities research analysts at Morgan Stanley cut their price target on shares of McDonald's Co. (NYSE:MCD) from $0.08 to $0.06 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 99.94% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Wednesday. They now have a $103.00 price target on the stock, down previously from $106.00. Separately, analysts at Barclays cut their price target on shares of McDonald's Co. from $115.00 to $108.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of McDonald's Co. in a research note on Wednesday, July 23rd. They now have a $105.00 price target on the stock, down previously from $115.00. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $96.07.
Shares of McDonald's Co. (NYSE:MCD) opened at 95.95 on Thursday. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock has a 50-day moving average of $99.66 and a 200-day moving average of $98.48. The company has a market cap of $94.839 billion and a price-to-earnings ratio of 17.38.
McDonald's Co. (NYSE:MCD) last released its earnings data on Tuesday, July 22nd. The company reported $1.40 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.38 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 $5.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors 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 3.38%. 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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