Mcdonald’s Corp (NYSE:MCD) declared a quarterly dividend on Friday, May 22nd, RTT News reports. Stockholders of record on Monday, June 1st will be given a dividend of 1.25 per share by the fast-food giant on Monday, June 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.71%.
Mcdonald’s has increased its dividend by an average of 9.3% per year over the last three years and has raised its dividend every year for the last 43 years. Mcdonald’s has a dividend payout ratio of 89.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Mcdonald’s to earn $7.83 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 63.9%.
Shares of Mcdonald’s stock traded down $0.67 during midday trading on Friday, hitting $184.41. The company had a trading volume of 2,452,688 shares, compared to its average volume of 5,011,968. The business’s 50 day simple moving average is $178.80 and its two-hundred day simple moving average is $192.46. The stock has a market cap of $136.89 billion, a PE ratio of 24.14, a P/E/G ratio of 4.56 and a beta of 0.67. Mcdonald’s has a 1-year low of $124.23 and a 1-year high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.12). The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.66 billion. Mcdonald’s had a negative return on equity of 70.25% and a net margin of 27.86%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. Equities analysts predict that Mcdonald’s will post 5.5 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on MCD. Morgan Stanley raised their price objective on shares of Mcdonald’s from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Goldman Sachs Group restated a “buy” rating and issued a $195.00 price objective on shares of Mcdonald’s in a research note on Friday, May 1st. BTIG Research decreased their price target on shares of Mcdonald’s from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Cowen lifted their price target on shares of Mcdonald’s from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, Wolfe Research assumed coverage on shares of Mcdonald’s in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Mcdonald’s currently has an average rating of “Buy” and an average price target of $207.48.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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