Somewhat Favorable Media Coverage Somewhat Unlikely to Impact McDonald’s Corporation (MCD) Stock Price
News coverage about McDonald’s Corporation (NYSE:MCD) has trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McDonald’s Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the fast-food giant an impact score of 45.2102794520524 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- McDonald’s to raze Chicago-area museum of 1st restaurant – fox6now.com (fox6now.com)
- Outcry over McDonald’s plans to tear down Des Plaines replica – Chicago Daily Herald (dailyherald.com)
- McDonald’s Q3 Earnings Make The Stock A Buy – Seeking Alpha (seekingalpha.com)
- McDonald’s Plans to Demolish Store No. 1 Museum (finance.yahoo.com)
- 15 Businesses and Industries that Make Money During Recession (finance.yahoo.com)
Several analysts have recently weighed in on MCD shares. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 price target on shares of McDonald’s Corporation in a research note on Friday, October 6th. Nomura set a $180.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $180.00 price target (up previously from $175.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target for the company in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $175.00 price objective (up previously from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $169.96.
McDonald’s Corporation (NYSE:MCD) traded up $0.75 during trading hours on Thursday, reaching $169.05. 2,719,172 shares of the company’s stock traded hands, compared to its average volume of 3,474,077. McDonald’s Corporation has a one year low of $117.71 and a one year high of $170.92. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The stock has a market capitalization of $134,166.34, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.
McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share. research analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is 54.26%.
In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.24% 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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