McDonald’s (MCD) Downgraded by ValuEngine

ValuEngine lowered shares of McDonald’s (NYSE:MCD) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other brokerages also recently commented on MCD. Mizuho reaffirmed a buy rating and issued a $173.00 price objective (up previously from $170.00) on shares of McDonald’s in a research report on Wednesday, September 13th. Robert W. Baird reaffirmed a buy rating and issued a $170.00 price objective on shares of McDonald’s in a research report on Friday, September 1st. Deutsche Bank set a $185.00 price objective on McDonald’s and gave the company a buy rating in a research report on Thursday, October 26th. Goldman Sachs Group set a $173.00 price objective on McDonald’s and gave the company a buy rating in a research report on Wednesday, November 8th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $175.00 price objective on shares of McDonald’s in a research report on Friday, September 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. McDonald’s presently has a consensus rating of Buy and an average target price of $171.95.

McDonald’s (MCD) traded up $0.90 during midday trading on Friday, hitting $172.87. The stock had a trading volume of 4,279,100 shares, compared to its average volume of 3,474,095. The company has a market cap of $137,809.47, a P/E ratio of 27.01, a P/E/G ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s has a 52-week low of $117.71 and a 52-week high of $173.17.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. research analysts expect that McDonald’s will post 6.52 EPS for the current fiscal year.

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. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is presently 58.30%.

In related news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MCD. Horan Capital Advisors LLC. purchased a new stake in McDonald’s in the third quarter valued at about $104,000. Phocas Financial Corp. purchased a new stake in McDonald’s in the second quarter valued at about $107,000. Proficio Capital Partners LLC raised its stake in McDonald’s by 87.8% in the first 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 during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in McDonald’s by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in McDonald’s by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

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McDonald’s 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for McDonald`s (NYSE:MCD)

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