Mcdonald’s (MCD) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Mcdonald’s (NYSE:MCD) in a report released on Tuesday. They currently have a $200.00 target price on the fast-food giant’s stock.

Other equities analysts have also issued reports about the company. Barclays set a $198.00 target price on Mcdonald’s and gave the company a buy rating in a report on Monday, November 19th. Morgan Stanley raised Mcdonald’s from an equal weight rating to an overweight rating and upped their target price for the company from $173.00 to $210.00 in a report on Thursday, November 29th. Piper Jaffray Companies upped their target price on Mcdonald’s to $194.00 and gave the company an overweight rating in a report on Wednesday, November 28th. Cowen upped their target price on Mcdonald’s from $190.00 to $205.00 and gave the company an outperform rating in a report on Friday, November 9th. Finally, Royal Bank of Canada set a $190.00 target price on Mcdonald’s and gave the company a buy rating in a report on Tuesday, November 20th. Six investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $191.69.

Shares of Mcdonald’s stock opened at $185.45 on Tuesday. The stock has a market capitalization of $142.65 billion, a P/E ratio of 27.85, a PEG ratio of 2.71 and a beta of 0.55. Mcdonald’s has a fifty-two week low of $146.84 and a fifty-two week high of $190.88.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The firm 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%. Mcdonald’s’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. On average, equities analysts anticipate that Mcdonald’s will post 7.76 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio is 69.67%.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’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 sale, the chief executive officer now owns 48,925 shares of the company’s stock, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock valued at $38,839,407 over the last 90 days. 0.22% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCD. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s during the 2nd quarter valued at $1,191,239,000. Bank of New York Mellon Corp lifted its position in shares of Mcdonald’s by 6,582,167.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after acquiring an additional 7,964,423 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Mcdonald’s during the 2nd quarter valued at $179,723,000. FMR LLC lifted its holdings in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Mcdonald’s by 55.1% in the third quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock valued at $431,827,000 after purchasing an additional 917,442 shares in the last quarter. Hedge funds and other institutional investors own 67.22% of the company’s stock.

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.

Further Reading: What type of investment options does a Roth IRA provide?

Analyst Recommendations for Mcdonald`s (NYSE:MCD)

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply