McDonald’s Corp. (MCD) Given a $122.00 Price Target by Nomura Analysts
McDonald’s Corp. (NYSE:MCD) has been assigned a $122.00 price target by analysts at Nomura in a note issued to investors on Monday. The brokerage currently has a a “neutral” rating on the fast-food giant’s stock. Nomura’s target price would indicate a potential upside of 6.93% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. RBC Capital Markets restated a “buy” rating and set a $140.00 target price on shares of McDonald’s Corp. in a research note on Friday, July 22nd. JPMorgan Chase & Co. set a $130.00 target price on shares of McDonald’s Corp. and gave the company a “buy” rating in a research note on Tuesday, July 12th. Vetr raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 price target for the company in a research report on Tuesday, July 26th. Deutsche Bank AG reduced their price target on shares of McDonald’s Corp. from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, SunTrust Banks Inc. set a $138.00 price target on shares of McDonald’s Corp. and gave the company a “buy” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. McDonald’s Corp. currently has a consensus rating of “Hold” and a consensus target price of $125.75.
Shares of McDonald’s Corp. (NYSE:MCD) opened at 114.09 on Monday. The company has a market capitalization of $97.36 billion, a price-to-earnings ratio of 21.79 and a beta of 0.61. McDonald’s Corp. has a 12 month low of $102.08 and a 12 month high of $131.96. The firm’s 50-day moving average is $115.36 and its 200 day moving average is $121.39.
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McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. Equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 annualized dividend and a dividend yield of 3.30%. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is currently 68.59%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its position in McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock valued at $129,275,000 after buying an additional 268,464 shares during the period. Pennsylvania Trust Co raised its position in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares during the period. Oakbrook Investments LLC raised its position in McDonald’s Corp. by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock valued at $10,505,000 after buying an additional 3,100 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock valued at $27,345,000 after buying an additional 7,714 shares during the period. Finally, UMB Bank N A MO raised its position in McDonald’s Corp. by 33.0% in the second quarter. UMB Bank N A MO now owns 146,652 shares of the fast-food giant’s stock valued at $17,648,000 after buying an additional 36,421 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.
McDonald’s Corp. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
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