McDonald's Co. Receives Consensus Rating of “Hold” from Analysts (NYSE:MCD)
Shares of McDonald's Co. (NYSE:MCD) have received an average rating of “Hold” from the twenty-five analysts that are presently covering the company, AR Network reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $95.73.
A number of analysts have recently weighed in on MCD shares. Analysts at Bank of America reiterated a “buy” rating on shares of McDonald's Co. in a research note on Monday. They now have a $110.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Friday. They now have a $99.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Tuesday, August 19th. They now have a $101.00 price target on the stock, down previously from $103.00.
Shares of McDonald's Co. (NYSE:MCD) traded down 0.10% on Tuesday, hitting $94.35. The stock had a trading volume of 684,729 shares. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock’s 50-day moving average is $96.08 and its 200-day moving average is $98.42. The company has a market cap of $92.645 billion and a P/E ratio of 17.10. McDonald's Co. also was the recipient of some unusual options trading on Monday. Stock traders bought 20,573 call options on the stock. This represents an increase of approximately 204% compared to the average volume of 6,767 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. On average, analysts predict that McDonald's Co. will post $5.57 earnings per share 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 3.43%. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.