McDonald’s Corporation (MCD) Receives Buy Rating from Piper Jaffray Companies
Piper Jaffray Companies reiterated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report sent to investors on Friday. Piper Jaffray Companies currently has a $153.00 price target on the fast-food giant’s stock.
A number of other equities analysts have also recently weighed in on the company. Vetr raised McDonald’s Corporation from a sell rating to a buy rating and set a $145.38 price target for the company in a report on Tuesday, April 18th. Credit Suisse Group reaffirmed an outperform rating and issued a $137.00 price target on shares of McDonald’s Corporation in a report on Friday, March 17th. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the stock a buy rating in a report on Thursday, June 22nd. Barclays PLC upped their price target on McDonald’s Corporation from $139.00 to $155.00 and gave the stock an overweight rating in a report on Wednesday, April 26th. Finally, BMO Capital Markets started coverage on McDonald’s Corporation in a report on Friday, April 21st. They issued an outperform rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $152.52.
Shares of McDonald’s Corporation (MCD) traded down 0.01% during mid-day trading on Friday, reaching $155.26. The company had a trading volume of 2,408,743 shares. The stock has a 50 day moving average of $150.67 and a 200-day moving average of $133.70. The company has a market capitalization of $126.55 billion, a price-to-earnings ratio of 27.41 and a beta of 0.70. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $156.75.
McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.53 billion. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 19th. Stockholders of record on Monday, June 5th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $3.76 annualized dividend and a dividend yield of 2.42%. McDonald’s Corporation’s dividend payout ratio is currently 66.43%.
In other news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the completion of the transaction, the vice president now directly owns 14,608 shares in the company, valued at $2,065,425.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its position in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC raised its position in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC raised its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares in the last quarter. Zions Bancorporation raised its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 6 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in McDonald’s Corporation during the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 67.60% of the company’s stock.
McDonald’s Corporation Company Profile
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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