McDonald’s Corporation (NYSE:MCD) Earns Buy Rating from Argus

Argus reiterated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report sent to investors on Tuesday, October 17th.

A number of other analysts have also recently commented on MCD. Barclays PLC set a $182.00 price target on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, October 18th. BidaskClub upgraded shares of McDonald’s Corporation from a hold rating to a buy rating in a research note on Monday, August 14th. Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the stock a buy rating in a research note on Tuesday, October 17th. Vetr upgraded shares of McDonald’s Corporation from a sell rating to a hold rating and set a $159.47 target price for the company in a research note on Thursday, August 3rd. Finally, Bank of America Corporation restated a buy rating and set a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $169.93.

McDonald’s Corporation (NYSE MCD) traded up 0.95% during midday trading on Tuesday, reaching $165.57. The company had a trading volume of 1,349,179 shares. The company has a market capitalization of $134.11 billion, a P/E ratio of 27.10 and a beta of 0.69. The company’s 50 day moving average is $159.96 and its 200-day moving average is $152.89. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $167.90.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 252.87%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. Equities analysts expect that McDonald’s Corporation will post $6.54 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.46%. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now owns 7,318 shares in the company, valued at approximately $1,130,191.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,621 shares of company stock worth $3,745,474. 0.24% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MCD. Jennison Associates LLC lifted its position in shares of McDonald’s Corporation by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after purchasing an additional 5,327,778 shares during the period. Janus Henderson Group PLC lifted its position in shares of McDonald’s Corporation by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares during the period. FMR LLC lifted its position in shares of McDonald’s Corporation by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the period. Alliancebernstein L.P. lifted its position in shares of McDonald’s Corporation by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the period. Finally, BlackRock Inc. lifted its position in shares of McDonald’s Corporation by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Hedge funds and other institutional investors own 67.85% of the company’s stock.

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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