McDonald's Co. (MCD) PT Raised to $170.00 at Sanford C. Bernstein
McDonald's Co. (NYSE:MCD) had its target price raised by stock analysts at Sanford C. Bernstein from $160.00 to $170.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the fast-food giant’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 13.71% from the company’s current price.
Several other brokerages have also issued reports on MCD. Barclays PLC increased their price objective on McDonald's Co. from $139.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Piper Jaffray Companies raised their target price on McDonald's Co. from $140.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Telsey Advisory Group lifted their price objective on McDonald's Co. from $130.00 to $136.00 and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Credit Suisse Group AG reiterated an “outperform” rating and issued a $157.00 price objective (up from $137.00) on shares of McDonald's Co. in a research note on Saturday, April 29th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of McDonald's Co. in a research note on Sunday, March 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. McDonald's Co. presently has an average rating of “Buy” and a consensus target price of $141.86.
McDonald's Co. (NYSE:MCD) traded down 0.13% during mid-day trading on Thursday, reaching $149.31. The company’s stock had a trading volume of 526,287 shares. The firm’s 50 day moving average price is $139.71 and its 200 day moving average price is $127.68. McDonald's Co. has a 52 week low of $110.33 and a 52 week high of $149.99. The firm has a market capitalization of $121.70 billion, a P/E ratio of 26.36 and a beta of 0.69. McDonald's Co. also was the target of unusually large options trading on Wednesday. Stock traders acquired 1,922 call options on the stock. This is an increase of 266% compared to the typical volume of 525 call options.
McDonald's Co. (NYSE:MCD) last issued its earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. McDonald's Co.’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, analysts anticipate that McDonald's Co. will post $6.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, June 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.52%. McDonald's Co.’s dividend payout ratio (DPR) is presently 69.37%.
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In related news, VP James R. Sappington sold 13,912 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the sale, the vice president now owns 14,608 shares of the company’s stock, valued at approximately $2,065,425.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Mulligan bought 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were purchased at an average cost of $128.94 per share, for a total transaction of $206,304.00. Following the acquisition, the director now directly owns 1,600 shares in the company, valued at approximately $206,304. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Spectrum Management Group Inc. raised its stake in McDonald's Co. by 60.9% in the third quarter. Spectrum Management Group Inc. now owns 3,118 shares of the fast-food giant’s stock worth $360,000 after buying an additional 1,180 shares during the period. Svenska Handelsbanken AB publ purchased a new stake in McDonald's Co. during the third quarter worth $29,994,000. Stockman Asset Management raised its stake in McDonald's Co. by 52.5% in the third quarter. Stockman Asset Management now owns 4,576 shares of the fast-food giant’s stock worth $528,000 after buying an additional 1,576 shares during the period. Willingdon Wealth Management raised its stake in McDonald's Co. by 8.2% in the third quarter. Willingdon Wealth Management now owns 30,011 shares of the fast-food giant’s stock worth $3,462,000 after buying an additional 2,287 shares during the period. Finally, Argentus Capital Management LLC raised its stake in McDonald's Co. by 87.4% in the third quarter. Argentus Capital Management LLC now owns 5,561 shares of the fast-food giant’s stock worth $642,000 after buying an additional 2,594 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.
About McDonald's Co.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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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