Royal Bank of Canada reissued their outperform rating on shares of McDonald's (NYSE:MCD) in a research note released on Monday. Royal Bank of Canada currently has a $170.00 price target on the fast-food giant’s stock.
Several other brokerages have also weighed in on MCD. Bank of America set a $200.00 target price on McDonald's and gave the stock a buy rating in a research report on Monday, January 29th. Nomura reissued a buy rating and set a $198.00 target price (up previously from $190.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Credit Suisse Group reissued an outperform rating and set a $191.00 target price (up previously from $185.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Zacks Investment Research raised McDonald's from a hold rating to a buy rating and set a $196.00 target price on the stock in a research report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 target price on McDonald's and gave the stock a buy rating in a research report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $183.02.
Shares of McDonald's (NYSE:MCD) opened at $158.24 on Monday. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. McDonald's has a 12-month low of $127.47 and a 12-month high of $178.70. The firm has a market capitalization of $125,705.46, a PE ratio of 23.72, a PEG ratio of 2.38 and a beta of 0.65.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 63.52%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Several hedge funds have recently made changes to their positions in MCD. Horan Capital Advisors LLC. purchased a new stake in shares of McDonald's in the third quarter valued at approximately $104,000. Phocas Financial Corp. purchased a new stake in shares of McDonald's in the second quarter valued at approximately $107,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $109,000. Tarbox Family Office Inc. boosted its stake in shares of McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares in the last quarter. Finally, Horan Capital Management purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $110,000. Institutional investors own 68.59% of the company’s stock.
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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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