McDonald's Co. Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:MCD)
McDonald's Co. (NYSE:MCD) has received a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the stock, Stock Ratings Network.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have issued a buy recommendation on 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.
MCD has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of McDonald's Co. in a research note on Monday, August 25th. 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, August 22nd. 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) opened at 93.72 on Tuesday. 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 $95.38 and its 200-day moving average is $98.34. The company has a market cap of $92.026 billion and a P/E ratio of 17.05. McDonald's Co. also was the recipient of unusually large options trading activity on Wednesday. Traders purchased 32,001 put options on the stock. This represents an increase of approximately 316% compared to the average volume of 7,699 put 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 announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders 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.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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