Telsey Advisory Group Lowers McDonald's Co. Price Target to $97.00 (MCD)
Equities researchers at Telsey Advisory Group reduced their price objective on shares of McDonald's Co. (NYSE:MCD) from $103.00 to $97.00 in a research report issued on Monday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 3.69% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Three 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 stock has a consensus rating of “Hold” and an average price target of $95.19.
McDonald's Co. (NYSE:MCD) opened at 93.605 on Monday. McDonald's Co. has a 52-week low of $92.22 and a 52-week 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 $91.913 billion and a P/E ratio of 16.94. McDonald's Co. also was the recipient of unusually large options trading on Friday. Stock investors purchased 19,518 call options on the company. This represents 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 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. On average, analysts predict that McDonald's Co. will post $5.60 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 3.46%. 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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