McDonald's Co. Price Target Lowered to $92.00 at Janney Montgomery Scott (MCD)
Investment analysts at Janney Montgomery Scott lowered their target price on shares of McDonald's Co. (NYSE:MCD) from $93.00 to $92.00 in a note issued to investors on Friday. Janney Montgomery Scott’s target price suggests a potential downside of 1.66% from the stock’s previous close.
A number of other analysts have also recently weighed in on MCD. Analysts at Morgan Stanley cut their price target on shares of McDonald's Co. from $0.08 to $0.06 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Wednesday, July 30th. They now have a $103.00 price target on the stock, down previously from $106.00. Finally, 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.07.
Shares of McDonald's Co. (NYSE:MCD) traded up 0.26% on Friday, hitting $93.55. 6,506,196 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’s 50-day moving average is $98.31 and its 200-day moving average is $98.36. The company has a market cap of $91.859 billion and a P/E ratio of 16.90. McDonald's Co. also was the target of some unusual options trading on Friday. Stock traders bought 19,518 call options on the company. This is an increase of approximately 138% compared to the average volume of 8,188 call options.
McDonald's Co. (NYSE:MCD) last posted its quarterly 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. Analysts expect that McDonald's Co. will post $5.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders 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 3.46%. 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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