UBS AG set a $170.00 price objective on McDonald’s Corporation (NYSE:MCD) in a research note released on Wednesday, October 25th, www.boersen-zeitung.de reports. The brokerage currently has a hold rating on the fast-food giant’s stock.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG set a $185.00 price objective on shares of McDonald’s Corporation and gave the company a buy rating in a report on Friday, October 20th. Barclays PLC set a $182.00 target price on shares of McDonald’s Corporation and gave the company a buy rating in a research report on Wednesday, October 18th. Argus reaffirmed a buy rating on shares of McDonald’s Corporation in a research report on Tuesday, October 17th. Nomura set a $183.00 target price on shares of McDonald’s Corporation and gave the company a buy rating in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada increased their target price on shares of McDonald’s Corporation from $175.00 to $180.00 and gave the company an outperform rating in a research report on Friday, October 13th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. McDonald’s Corporation has a consensus rating of Buy and a consensus target price of $169.96.
Shares of McDonald’s Corporation (MCD) opened at $165.59 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $133,130.00, a P/E ratio of 26.09, a PEG ratio of 2.73 and a beta of 0.67. McDonald’s Corporation has a one year low of $114.17 and a one year high of $170.92.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 216.45%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS. sell-side analysts forecast that McDonald’s Corporation will post 6.52 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/12/mcdonalds-corporation-mcd-pt-set-at-170-00-by-ubs-ag.html.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 represents a $4.04 annualized dividend and a dividend yield of 2.44%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.
In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were 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 $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. bought a new position in McDonald’s Corporation in the 2nd quarter valued at about $322,000. Horan Capital Advisors LLC. bought a new position in McDonald’s Corporation in the 3rd quarter valued at about $104,000. Phocas Financial Corp. bought a new position in McDonald’s Corporation in the 2nd quarter valued at about $107,000. Orrstown Financial Services Inc. grew its position in McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.
About McDonald’s Corporation
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.
Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.