SunTrust Banks, Inc. Reaffirms “Buy” Rating for McDonald’s Corporation (MCD)

SunTrust Banks, Inc. reissued their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a report issued on Thursday morning. They currently have a $178.00 target price on the fast-food giant’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a hold rating and set a $140.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Longbow Research reissued a neutral rating on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Bank of America Corporation reissued a buy rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Barclays PLC set a $164.00 price objective on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of McDonald’s Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. McDonald’s Corporation has a consensus rating of Buy and a consensus target price of $167.83.

McDonald’s Corporation (NYSE:MCD) traded up 0.89% during mid-day trading on Thursday, hitting $165.37. 2,957,929 shares of the stock traded hands. The company has a market cap of $133.95 billion, a price-to-earnings ratio of 27.11 and a beta of 0.69. The stock’s 50 day moving average is $158.72 and its 200-day moving average is $150.86. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $165.51.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. On average, equities research analysts anticipate that McDonald’s Corporation will post $6.56 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

In other news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. 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. Over the last three months, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its holdings in shares of McDonald’s Corporation by 34.0% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,586 shares of the fast-food giant’s stock valued at $562,000 after buying an additional 909 shares during the period. Curbstone Financial Management Corp boosted its holdings in shares of McDonald’s Corporation by 89.7% in the 3rd quarter. Curbstone Financial Management Corp now owns 7,342 shares of the fast-food giant’s stock valued at $1,150,000 after buying an additional 3,471 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of McDonald’s Corporation in the 2nd quarter valued at about $400,000. Burgundy Asset Management Ltd. boosted its holdings in shares of McDonald’s Corporation by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,407,837 shares of the fast-food giant’s stock valued at $215,624,000 after buying an additional 20,067 shares during the period. Finally, W. E. Donoghue & Co. LLC acquired a new position in shares of McDonald’s Corporation in the 2nd quarter valued at about $2,242,000. 67.92% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

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