Citigroup Inc. Reiterates “Neutral” Rating for McDonald's Co. (MCD)
McDonald's Co. (NYSE:MCD)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a $101.00 price target on the stock, down from their previous price target of $103.00. Citigroup Inc.’s price objective would indicate a potential upside of 7.16% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of McDonald's Co. in a research note on Monday, August 11th. They now have a $98.00 price target on the stock, down previously from $105.00. Separately, 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, August 11th. They now have a “not rated” rating on the stock. Finally, 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, August 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $94.63.
McDonald's Co. (NYSE:MCD) traded up 0.06% during mid-day trading on Tuesday, hitting $94.3099. 367,389 shares of the company’s stock traded hands. 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 $96.86 and a 200-day moving average of $98.36. The company has a market cap of $92.606 billion and a P/E ratio of 17.07.
McDonald's Co. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.40 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.38 earnings per share. McDonald's Co.’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that McDonald's Co. will post $5.57 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 3.44%. The ex-dividend date is Thursday, August 28th.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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