McDonald's (MCD) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of McDonald's (NYSE:MCD) in a research report report published on Monday, March 12th. They currently have a $170.00 price target on the fast-food giant’s stock.

A number of other research firms also recently commented on MCD. Zacks Investment Research upgraded 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. Stifel Nicolaus set a $172.00 target price on McDonald's and gave the stock a neutral rating in a research report on Wednesday, January 3rd. Piper Jaffray boosted their target price on McDonald's from $175.00 to $185.00 and gave the stock an overweight rating in a research report on Thursday, December 14th. Goldman Sachs set a $200.00 price target on McDonald's and gave the stock a buy rating in a report on Friday, January 19th. Finally, Credit Suisse Group reissued an outperform rating and issued a $175.00 price target (down from $191.00) on shares of McDonald's in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald's has a consensus rating of Buy and a consensus target price of $183.00.

How to Become a New Pot Stock Millionaire

MCD traded down $2.70 during trading on Monday, reaching $161.25. 4,321,211 shares of the stock were exchanged, compared to its average volume of 4,882,054. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. The company has a market cap of $128,494.15, a price-to-earnings ratio of 24.21, a PEG ratio of 2.44 and a beta of 0.64. McDonald's has a 1 year low of $129.52 and a 1 year high of $178.70.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. McDonald's’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. analysts predict that McDonald's will post 7.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is presently 60.66%.

In other news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in McDonald's in the second quarter valued at about $322,000. Pinnacle Wealth Planning Services Inc. purchased a new position in McDonald's in the fourth quarter valued at about $109,000. Tarbox Family Office Inc. boosted its holdings in 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 purchasing an additional 328 shares during the last quarter. Horan Capital Management purchased a new position in McDonald's in the fourth quarter valued at about $110,000. Finally, Horan Capital Advisors LLC. purchased a new position in McDonald's in the third quarter valued at about $104,000. 68.54% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “McDonald's (MCD) Receives Outperform Rating from Royal Bank of Canada” was first reported by BBNS and is the property of of BBNS. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://baseballnewssource.com/2018/04/06/mcdonalds-mcd-given-outperform-rating-at-royal-bank-of-canada/2034610.html.

McDonald's 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.

Analyst Recommendations for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.