McDonald’s Corp. (MCD) Earns Market Perform Rating from Wells Fargo & Co.
McDonald’s Corp. (NYSE:MCD)‘s stock had its “market perform” rating reissued by analysts at Wells Fargo & Co. in a report issued on Tuesday.
Several other equities analysts have also weighed in on MCD. TheStreet lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Nomura reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Tuesday, July 12th. Jefferies Group set a $115.00 price objective on shares of McDonald’s Corp. and gave the company a “neutral” rating in a report on Tuesday, July 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of McDonald’s Corp. in a report on Wednesday, July 27th. Finally, Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 target price on the stock in a report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $126.27.
McDonald’s Corp. (NYSE:MCD) traded down 0.637% during trading on Tuesday, reaching $111.694. The company had a trading volume of 3,227,249 shares. The company has a 50-day moving average price of $115.30 and a 200 day moving average price of $121.25. The company has a market capitalization of $95.32 billion, a price-to-earnings ratio of 21.328 and a beta of 0.61. McDonald’s Corp. has a one year low of $102.08 and a one year high of $131.96.
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McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The business also recently announced 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. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.34%. McDonald’s Corp.’s payout ratio is presently 68.59%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares of the company’s stock, valued at approximately $12,873,713.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MCD. Virginia Retirement System acquired a new position in shares of McDonald’s Corp. during the first quarter worth about $53,475,000. Tiemann Investment Advisors LLC boosted its position in shares of McDonald’s Corp. by 10.3% in the first quarter. Tiemann Investment Advisors LLC now owns 2,684 shares of the fast-food giant’s stock worth $337,000 after buying an additional 251 shares during the period. American Economic Planning Group Inc. ADV acquired a new position in shares of McDonald’s Corp. during the first quarter worth about $222,000. Badgley Phelps & Bell Inc. boosted its position in shares of McDonald’s Corp. by 49.2% in the first quarter. Badgley Phelps & Bell Inc. now owns 2,940 shares of the fast-food giant’s stock worth $370,000 after buying an additional 970 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of McDonald’s Corp. by 6.6% in the first quarter. IFP Advisors Inc now owns 69,854 shares of the fast-food giant’s stock worth $8,779,000 after buying an additional 4,323 shares during the period. 69.13% of the stock is owned by institutional investors.
About McDonald’s Corp.
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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