Somewhat Favorable Media Coverage Somewhat Unlikely to Impact McDonald’s Corporation (MCD) Share Price
News coverage about McDonald’s Corporation (NYSE:MCD) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. McDonald’s Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the fast-food giant an impact score of 43.740252648421 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Zacks: Analysts Expect McDonald’s Corporation (MCD) Will Post Quarterly Sales of $5.73 Billion (americanbankingnews.com)
- McDonald’s Corporation’s (MCD) “Buy” Rating Reaffirmed at Mizuho (americanbankingnews.com)
- Ronald McDonald House expanding lodging in Houston (chron.com)
- McDonald’s worker fired after heated exchange at drive-thru in Michigan (khou.com)
Shares of McDonald’s Corporation (MCD) traded up 0.43% on Wednesday, hitting $157.00. The company’s stock had a trading volume of 4,705,600 shares. The company has a 50 day moving average of $157.66 and a 200 day moving average of $146.01. The firm has a market cap of $127.17 billion, a PE ratio of 25.70 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. McDonald’s Corporation’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is currently 61.54%.
MCD has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target (up from $160.00) on shares of McDonald’s Corporation in a report on Thursday, May 25th. Barclays PLC reaffirmed an “overweight” rating and set a $164.00 target price (up from $155.00) on shares of McDonald’s Corporation in a research note on Tuesday, May 30th. Telsey Advisory Group upped their target price on McDonald’s Corporation from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $155.00 target price on shares of McDonald’s Corporation in a research note on Friday, June 2nd. Finally, Vetr downgraded McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $147.92 target price for the company. in a research note on Monday, June 5th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. McDonald’s Corporation presently has an average rating of “Buy” and a consensus price target of $162.26.
In other news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 over the last quarter. Insiders own 0.24% 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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