Recent Research Analysts’ Ratings Updates for Mcdonald’s (MCD)

A number of firms have modified their ratings and price targets on shares of Mcdonald’s (NYSE: MCD) recently:

  • 10/30/2018 – Mcdonald’s had its price target raised by analysts at Citigroup Inc from $171.00 to $189.00. They now have a “neutral” rating on the stock.
  • 10/26/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $195.00 price target on the stock.
  • 10/26/2018 – Mcdonald’s was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $199.00 price target on the stock. According to Zacks, “McDonald’s impressive earnings surprise history, various sales and digital initiatives as well as positive comparable sales have helped the stock to outperform its industry in the past six months. Earnings surpassed estimates for the 17th straight quarter as it reported third-quarter 2018 results. Furthermore, increased focus on delivery and accelerated deployment of Experience of the Future restaurants in the United States should boost its performance. These apart, the company’s efforts to drive growth in International Lead & High Growth Markets bode well. In fact, global comps at McDonald’s have been positive over the trailing 13 quarters. Yet, high labor costs and currency headwinds remain major concerns. Moreover, revenues have been under pressure for quite some time due to strategic refranchising initiatives. Even its heightened focus on refranchising should cut the capital requirements and facilitate EPS growth.”
  • 10/24/2018 – Mcdonald’s had its price target raised by analysts at Telsey Advisory Group from $175.00 to $195.00. They now have an “outperform” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its “neutral” rating reaffirmed by analysts at Morgan Stanley. They now have a $173.00 price target on the stock.
  • 10/24/2018 – Mcdonald’s had its price target raised by analysts at UBS Group AG from $170.00 to $185.00. They now have a “neutral” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its “neutral” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $174.00 price target on the stock.
  • 10/24/2018 – Mcdonald’s was given a new $190.00 price target on by analysts at Morningstar, Inc.. They now have a “neutral” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its price target raised by analysts at Stephens to $170.00. They now have an “equal weight” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its price target raised by analysts at Jefferies Financial Group Inc from $190.00 to $200.00. They now have a “buy” rating on the stock.
  • 10/24/2018 – Mcdonald’s was given a new $190.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 10/24/2018 – Mcdonald’s was given a new $180.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $200.00 price target on the stock.
  • 10/24/2018 – Mcdonald’s was given a new $197.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $198.00 price target on the stock.
  • 10/24/2018 – Mcdonald’s was given a new $195.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/24/2018 – Mcdonald’s had its price target raised by analysts at SunTrust Banks, Inc. to $200.00. They now have a “buy” rating on the stock.
  • 10/23/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $195.00 price target on the stock.
  • 10/18/2018 – Mcdonald’s is now covered by analysts at Gordon Haskett. They set a “buy” rating and a $185.00 price target on the stock.
  • 10/15/2018 – Mcdonald’s was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating.
  • 10/11/2018 – Mcdonald’s was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/10/2018 – Mcdonald’s was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $200.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/5/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $192.00 price target on the stock.
  • 10/3/2018 – Mcdonald’s is now covered by analysts at KeyCorp. They set an “overweight” rating and a $185.00 price target on the stock.
  • 9/27/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $175.00 price target on the stock.
  • 9/26/2018 – Mcdonald’s was given a new $190.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 9/24/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $185.00 price target on the stock.
  • 9/17/2018 – Mcdonald’s had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $175.00 price target on the stock.
  • 9/14/2018 – Mcdonald’s was given a new $175.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 9/11/2018 – Mcdonald’s had its price target raised by analysts at Goldman Sachs Group Inc from $179.00 to $190.00. They now have a “buy” rating on the stock.

Shares of MCD traded up $2.32 during mid-day trading on Tuesday, hitting $182.71. The stock had a trading volume of 4,863,573 shares, compared to its average volume of 4,117,467. The firm has a market cap of $137.12 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.60 and a beta of 0.53. Mcdonald’s Corp has a fifty-two week low of $146.84 and a fifty-two week high of $182.86.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the 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 negative return on equity of 116.43% and a net margin of 24.56%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. As a group, sell-side analysts forecast that Mcdonald’s Corp will post 7.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $1.16 dividend. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.54%. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

In other news, CEO Stephen Easterbrook sold 201,123 shares of Mcdonald’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ian Frederick Borden sold 4,782 shares of Mcdonald’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,041 shares of company stock valued at $38,839,407. Insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Mcdonald’s by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,367,530 shares of the fast-food giant’s stock valued at $213,854,000 after purchasing an additional 91,288 shares during the period. IFM Investors Pty Ltd boosted its position in Mcdonald’s by 44.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 35,970 shares of the fast-food giant’s stock valued at $5,636,000 after purchasing an additional 11,108 shares during the period. CENTRAL TRUST Co boosted its position in Mcdonald’s by 1.0% during the 2nd quarter. CENTRAL TRUST Co now owns 129,413 shares of the fast-food giant’s stock valued at $20,277,000 after purchasing an additional 1,258 shares during the period. Lynch & Associates IN boosted its position in Mcdonald’s by 2.7% during the 2nd quarter. Lynch & Associates IN now owns 30,924 shares of the fast-food giant’s stock valued at $4,845,000 after purchasing an additional 801 shares during the period. Finally, Cullinan Associates Inc. boosted its position in Mcdonald’s by 628.1% during the 2nd quarter. Cullinan Associates Inc. now owns 39,316 shares of the fast-food giant’s stock valued at $6,160,000 after purchasing an additional 33,916 shares during the period. Institutional investors own 66.92% of the company’s stock.

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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