Royal Bank of Canada set a $175.00 target price on Mcdonald’s (NYSE:MCD) in a research report released on Friday morning. The firm currently has a buy rating on the fast-food giant’s stock.

Several other equities analysts have also commented on MCD. Nomura upgraded Mcdonald’s from a neutral rating to a buy rating and set a $191.00 price objective on the stock in a research report on Thursday, June 7th. Citigroup increased their price objective on Mcdonald’s from $176.00 to $178.00 and gave the company a neutral rating in a research report on Thursday, June 14th. Wells Fargo & Co reiterated a buy rating and set a $185.00 price objective on shares of Mcdonald’s in a research report on Thursday, June 21st. Cleveland Research lowered Mcdonald’s from a buy rating to a hold rating in a research report on Wednesday, July 11th. Finally, Jefferies Financial Group reiterated a buy rating and set a $200.00 price objective on shares of Mcdonald’s in a research report on Wednesday, July 11th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Mcdonald’s presently has a consensus rating of Buy and a consensus target price of $182.29.

Shares of Mcdonald’s stock traded down $1.56 during trading on Friday, hitting $160.84. 3,905,417 shares of the stock traded hands, compared to its average volume of 2,627,815. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. The firm has a market capitalization of $127.81 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. Mcdonald’s has a 52 week low of $146.84 and a 52 week high of $178.70.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 EPS for the quarter, beating the consensus estimate of $1.92 by $0.07. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company’s revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS. analysts predict that Mcdonald’s will post 7.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $4.04 annualized dividend and a yield of 2.51%. Mcdonald’s’s payout ratio is 60.66%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. HC Financial Advisors Inc. purchased a new stake in Mcdonald’s in the 4th quarter worth approximately $1,795,000. Wellington Shields Capital Management LLC lifted its holdings in Mcdonald’s by 21.0% in the 1st quarter. Wellington Shields Capital Management LLC now owns 4,739 shares of the fast-food giant’s stock worth $741,000 after buying an additional 824 shares during the period. SG Americas Securities LLC lifted its holdings in Mcdonald’s by 58.2% in the 1st quarter. SG Americas Securities LLC now owns 1,251,403 shares of the fast-food giant’s stock worth $195,694,000 after buying an additional 460,368 shares during the period. Essex Financial Services Inc. lifted its holdings in Mcdonald’s by 11.9% in the 1st quarter. Essex Financial Services Inc. now owns 13,601 shares of the fast-food giant’s stock worth $2,127,000 after buying an additional 1,447 shares during the period. Finally, Zeke Capital Advisors LLC lifted its holdings in Mcdonald’s by 6.8% in the 1st quarter. Zeke Capital Advisors LLC now owns 19,874 shares of the fast-food giant’s stock worth $3,108,000 after buying an additional 1,270 shares during the period. Institutional investors and hedge funds own 66.99% 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.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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