JPMorgan Chase & Co. set a $186.00 price target on McDonald's (NYSE:MCD) in a research report report published on Friday, January 12th. The firm currently has a buy rating on the fast-food giant’s stock.
A number of other research analysts have also weighed in on MCD. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the company a buy rating in a report on Tuesday, September 19th. Credit Suisse Group set a $170.00 target price on shares of McDonald's and gave the company a buy rating in a report on Wednesday, September 20th. Zacks Investment Research raised shares of McDonald's from a hold rating to a buy rating and set a $178.00 target price for the company in a report on Tuesday, September 26th. Longbow Research raised shares of McDonald's from a neutral rating to a buy rating and lifted their price objective for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $180.00 price objective (up from $170.00) on shares of McDonald's in a research note on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. McDonald's presently has a consensus rating of Buy and a consensus target price of $183.42.
Shares of McDonald's (NYSE MCD) traded down $5.53 on Friday, reaching $163.85. 7,243,584 shares of the company’s stock were exchanged, compared to its average volume of 3,460,000. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a twelve month low of $123.28 and a twelve month high of $178.70. The stock has a market cap of $132,720.00, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.50 and a beta of 0.59.
McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $1.44 EPS. The company’s revenue was down 11.4% on a year-over-year basis. equities research analysts expect that McDonald's will post 7.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.47%. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.
In other news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Insiders sold 207,550 shares of company stock worth $35,118,055 in the last quarter. 0.24% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Jennison Associates LLC boosted its position in McDonald's by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC boosted its position in McDonald's by 3,951.0% in the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the last quarter. FMR LLC boosted its position in McDonald's by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. boosted its position in McDonald's by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares during the last quarter. Finally, BlackRock Inc. boosted its position in McDonald's by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.
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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.
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