Shares of Mcdonald’s Corp (NYSE:MCD) have been given an average recommendation of “Buy” by the thirty-two ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $188.93.
A number of research firms have recently issued reports on MCD. Goldman Sachs Group boosted their target price on Mcdonald’s from $179.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Royal Bank of Canada set a $190.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Gordon Haskett began coverage on Mcdonald’s in a report on Thursday, October 18th. They issued a “buy” rating and a $185.00 target price on the stock. SunTrust Banks boosted their target price on Mcdonald’s to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Imperial Capital dropped their target price on Mcdonald’s from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, July 27th.
NYSE:MCD opened at $176.75 on Friday. The company has a market capitalization of $137.12 billion, a PE ratio of 26.54, a P/E/G ratio of 2.60 and a beta of 0.53. Mcdonald’s has a 12-month low of $146.84 and a 12-month high of $178.96.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a negative return on equity of 130.19% and a net margin of 24.56%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Sell-side analysts forecast that Mcdonald’s will post 7.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio is currently 60.66%.
In related news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total transaction of $849,665.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold 221,041 shares of company stock worth $38,839,407 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Mn Services Vermogensbeheer B.V. grew its holdings in Mcdonald’s by 0.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 125,974 shares of the fast-food giant’s stock valued at $21,074,000 after purchasing an additional 500 shares during the last quarter. Ballast Inc. grew its holdings in Mcdonald’s by 23.1% in the third quarter. Ballast Inc. now owns 3,102 shares of the fast-food giant’s stock valued at $519,000 after purchasing an additional 582 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Mcdonald’s by 1,317.6% in the third quarter. WINTON GROUP Ltd now owns 165,660 shares of the fast-food giant’s stock valued at $27,713,000 after purchasing an additional 153,974 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Mcdonald’s in the third quarter valued at $201,000. Finally, TCI Wealth Advisors Inc. grew its holdings in Mcdonald’s by 6.6% in the third quarter. TCI Wealth Advisors Inc. now owns 26,263 shares of the fast-food giant’s stock valued at $4,393,000 after purchasing an additional 1,629 shares during the last quarter. 66.92% of the stock is currently owned by institutional investors.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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