McDonald’s Corporation (MCD) Given Average Recommendation of “Buy” by Analysts
McDonald’s Corporation (NYSE:MCD) has earned an average rating of “Buy” from the thirty-five ratings firms that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $169.41.
MCD has been the subject of several recent analyst reports. Nomura set a $172.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, October 6th. Deutsche Bank AG set a $185.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a report on Friday, October 20th. Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Longbow Research raised McDonald’s Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a report on Thursday, September 28th.
McDonald’s Corporation (NYSE:MCD) opened at 163.88 on Wednesday. The firm has a 50-day moving average price of $159.84 and a 200-day moving average price of $152.82. McDonald’s Corporation has a 1-year low of $110.83 and a 1-year high of $167.90. The company has a market capitalization of $132.74 billion, a P/E ratio of 26.83 and a beta of 0.69.
McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.76. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 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 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. On average, analysts forecast that McDonald’s Corporation will post $6.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.
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In other news, insider Joseph M. Erlinger sold 10,793 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s 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 transaction, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Legacy Capital Partners Inc. grew its stake in shares of McDonald’s Corporation by 7.0% during the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after buying an additional 1,706 shares during the last quarter. Holderness Investments Co. grew its stake in shares of McDonald’s Corporation by 323.7% during the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after buying an additional 8,090 shares during the last quarter. Cypress Asset Management Inc. TX grew its stake in shares of McDonald’s Corporation by 136.4% during the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after buying an additional 16,315 shares during the last quarter. Scopus Asset Management L.P. bought a new position in shares of McDonald’s Corporation during the first quarter valued at about $42,771,000. Finally, Bridges Investment Counsel Inc. grew its stake in shares of McDonald’s Corporation by 69.6% during the second quarter. Bridges Investment Counsel Inc. now owns 41,842 shares of the fast-food giant’s stock valued at $6,409,000 after buying an additional 17,173 shares during the last quarter. 67.85% of the stock is currently owned by hedge funds and other institutional investors.
McDonald’s Corporation Company Profile
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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