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.
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.
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.
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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.
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