McDonald’s Corporation (MCD) Given a $180.00 Price Target by Sanford C. Bernstein Analysts
Several other research analysts have also weighed in on MCD. Barclays PLC reiterated an overweight rating and issued a $164.00 price objective (up previously from $155.00) on shares of McDonald’s Corporation in a research note on Tuesday, May 30th. Telsey Advisory Group upped their price objective on shares of McDonald’s Corporation from $150.00 to $165.00 and gave the company an outperform rating in a research note on Thursday, June 1st. Royal Bank Of Canada reissued a buy rating and issued a $155.00 target price on shares of McDonald’s Corporation in a research report on Friday, June 2nd. Vetr downgraded shares of McDonald’s Corporation from a hold rating to a sell rating and set a $147.92 target price for the company. in a research report on Monday, June 5th. Finally, Credit Suisse Group reissued an outperform rating and issued a $165.00 target price (up from $157.00) on shares of McDonald’s Corporation in a research report on Thursday, June 8th. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $162.26.
McDonald’s Corporation (NYSE:MCD) opened at 157.43 on Tuesday. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The company’s 50 day moving average is $157.70 and its 200 day moving average is $147.07. The firm has a market cap of $127.52 billion, a price-to-earnings ratio of 25.77 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. On average, equities analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.
In related news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock valued at $11,033,009 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald’s Corporation during the 2nd quarter worth about $322,000. Phocas Financial Corp. acquired a new stake in shares of McDonald’s Corporation during the 2nd quarter worth about $107,000. Orrstown Financial Services Inc. increased its position in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its holdings in McDonald’s Corporation by 9.4% during the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.
About McDonald’s Corporation
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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