Mcdonald’s (MCD) Hits New 12-Month High at $181.39

Mcdonald’s Corp (NYSE:MCD) hit a new 52-week high during trading on Tuesday . The company traded as high as $181.39 and last traded at $181.38, with a volume of 88577 shares changing hands. The stock had previously closed at $180.39.

A number of equities research analysts have recently commented on the stock. SunTrust Banks increased their target price on shares of Mcdonald’s to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. KeyCorp set a $195.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research report on Wednesday, October 24th. Telsey Advisory Group increased their target price on shares of Mcdonald’s from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th. Morgan Stanley reiterated a “neutral” rating and issued a $173.00 target price on shares of Mcdonald’s in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada set a $190.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $188.93.

The stock has a market capitalization of $137.12 billion, a PE ratio of 27.43, a PEG ratio of 2.60 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. Mcdonald’s’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. As a group, sell-side analysts predict that Mcdonald’s Corp will post 7.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.54%. 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 (DPR) is 60.66%.

In other Mcdonald’s news, EVP Francesca A. Debiase sold 15,136 shares of the stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the completion of the transaction, the executive vice president now owns 17,306 shares of the company’s stock, valued at $3,048,798.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the transaction, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,041 shares of company stock valued at $38,839,407. 0.22% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in MCD. Fundsmith Equity Fund L.P. purchased a new position in Mcdonald’s during the second quarter worth about $1,191,239,000. AustralianSuper Pty Ltd purchased a new position in Mcdonald’s during the second quarter worth about $179,723,000. FMR LLC boosted its stake in Mcdonald’s by 5.5% during the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after buying an additional 1,014,792 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Mcdonald’s by 30.3% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock worth $440,072,000 after buying an additional 652,752 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after purchasing an additional 522,333 shares during the period. 66.92% of the stock is owned by institutional investors.

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Mcdonald’s Company Profile (NYSE:MCD)

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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