Mcdonald’s Corp (NYSE:MCD) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 7,980,000 shares, a decrease of 8.0% from the April 30th total of 8,670,000 shares. Based on an average trading volume of 5,650,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.1% of the company’s stock are sold short.
MCD traded down $0.67 during trading on Friday, hitting $184.41. The company had a trading volume of 2,448,234 shares, compared to its average volume of 4,116,318. The company has a market capitalization of $137.62 billion, a PE ratio of 24.17, a PEG ratio of 4.59 and a beta of 0.67. Mcdonald’s has a one year low of $124.23 and a one year high of $221.93. The firm’s 50-day moving average price is $179.19 and its 200 day moving average price is $192.40.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, April 30th. The fast-food giant reported $1.47 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 the consensus estimate of $4.66 billion. Mcdonald’s had a net margin of 27.86% and a negative return on equity of 70.25%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. Equities research analysts predict that Mcdonald’s will post 5.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.71%. Mcdonald’s’s dividend payout ratio is currently 63.78%.
A number of equities analysts have recently weighed in on the stock. Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of Mcdonald’s in a research note on Friday, May 1st. Tigress Financial raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Royal Bank of Canada increased their target price on shares of Mcdonald’s from $201.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Wolfe Research assumed coverage on shares of Mcdonald’s in a report on Monday, March 9th. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group increased their target price on shares of Mcdonald’s from $175.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and a consensus target price of $207.48.
A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Litman Gregory Asset Management LLC increased its stake in Mcdonald’s by 102.7% in the 4th quarter. Litman Gregory Asset Management LLC now owns 148 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 75 shares during the last quarter. Knuff & Co LLC acquired a new stake in Mcdonald’s in the 4th quarter valued at $40,000. CBIZ Investment Advisory Services LLC acquired a new stake in Mcdonald’s in the 4th quarter valued at $40,000. Stephenson National Bank & Trust acquired a new stake in Mcdonald’s in the 4th quarter valued at $40,000. Finally, PrairieView Partners LLC acquired a new stake in Mcdonald’s in the 1st quarter valued at $33,000. 66.13% of the stock is currently owned by institutional investors and hedge funds.
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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