McDonald's Co. Stock Rating Reaffirmed by Deutsche Bank (MCD)
McDonald's Co. (NYSE:MCD)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday. They currently have a $98.00 target price on the stock, down from their previous target price of $105.00. Deutsche Bank’s price objective would indicate a potential upside of 4.76% from the stock’s previous close.
McDonald's Co. (NYSE:MCD) traded up 0.24% during mid-day trading on Monday, hitting $93.77. 2,495,110 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 $98.31 and a 200-day moving average of $98.36. The company has a market cap of $92.075 billion and a P/E ratio of 16.94. McDonald's Co. also was the recipient of some unusual options trading activity on Friday. Traders purchased 19,518 call options on the company. This is an increase of 138% compared to the average daily volume of 8,188 call options.
McDonald's Co. (NYSE:MCD) last issued its quarterly earnings data 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 $5.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, August 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group cut their price target on shares of McDonald's Co. from $103.00 to $97.00 in a research note on Monday. They now have a “not rated” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of McDonald's Co. from $93.00 to $92.00 in a research note on Friday. Finally, 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. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $94.75.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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