McDonald’s Corporation (NYSE: MCD) recently received a number of ratings updates from brokerages and research firms:

  • 10/2/2017 – McDonald’s Corporation had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $180.00 price target on the stock, up previously from $170.00.
  • 10/2/2017 – McDonald’s Corporation is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $160.00 price target on the stock.
  • 9/28/2017 – McDonald’s Corporation was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $183.00 price target on the stock, up previously from $154.05. They wrote, “Our expectations for MCD to report better than expected U.S. same-store sales growth in 3Q17 should drive both earnings and multiple upside,” the analyst concluded. “Furthermore, the company has a couple of key initiatives that could drive further comp upside in coming quarters.”
  • 9/26/2017 – McDonald’s Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $178.00 price target on the stock. According to Zacks, “McDonald’s shares outpaced the industry in the past six months. Notably, growing guest count remains McDonald’s top priority and it is undertaking various sales and digital initiatives to this end. Increased focus on delivery, enhancement of digital capabilities, and accelerated deployment of Experience of the Future restaurants in the U.S should drive growth too. Efforts to attract customers in International Lead & High Growth Markets also bode well. In fact, global comps at McDonald’s have been positive over the past eight quarters. Yet, high labor costs and currency headwinds might keep profits under pressure. Also, political and economic unrest in some parts of the world and a not so enticing U.S. restaurant space might restrict sales growth. Even so, augmented focus on refranchising will cut the company’s capital requirements and facilitate EPS growth and ROE expansion in the long run.”
  • 9/20/2017 – McDonald’s Corporation was given a new $170.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 9/19/2017 – McDonald’s Corporation was given a new $180.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 9/13/2017 – McDonald’s Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $173.00 price target on the stock, up previously from $170.00.
  • 9/8/2017 – McDonald’s Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $175.00 price target on the stock.
  • 9/1/2017 – McDonald’s Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $170.00 price target on the stock.
  • 8/14/2017 – McDonald’s Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $175.00 price target on the stock.
  • 8/14/2017 – McDonald’s Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of McDonald’s Corporation (MCD) traded down 0.06% during mid-day trading on Tuesday, reaching $156.86. 2,187,705 shares of the company were exchanged. The firm has a market capitalization of $127.06 billion, a price-to-earnings ratio of 25.68 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $161.72. The company’s 50-day moving average is $158.12 and its 200 day moving average is $148.96.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. Analysts predict that McDonald’s Corporation will post $6.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 61.54%.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 over the last quarter. Company insiders own 0.24% of the company’s stock.

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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