Mcdonald’s (NYSE:MCD) Receives Neutral Rating from Stifel Nicolaus

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Stifel Nicolaus reaffirmed their neutral rating on shares of Mcdonald’s (NYSE:MCD) in a report published on Wednesday, October 24th. Stifel Nicolaus currently has a $174.00 price target on the fast-food giant’s stock.

A number of other research analysts also recently commented on MCD. ValuEngine raised shares of Mcdonald’s from a hold rating to a buy rating in a research report on Thursday, October 11th. Wells Fargo & Co reaffirmed a buy rating and set a $185.00 target price on shares of Mcdonald’s in a report on Monday, September 24th. Royal Bank of Canada set a $175.00 target price on shares of Mcdonald’s and gave the stock a buy rating in a report on Friday, September 14th. Jefferies Financial Group reaffirmed a buy rating and set a $190.00 target price on shares of Mcdonald’s in a report on Tuesday, August 28th. Finally, Goldman Sachs Group boosted their price objective on shares of Mcdonald’s from $179.00 to $190.00 and gave the company a buy rating in a report on Tuesday, September 11th. Seven equities research analysts have rated the stock with 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 an average price target of $189.44.

Shares of NYSE:MCD traded up $0.46 during midday trading on Wednesday, reaching $185.94. 3,236,912 shares of the company were exchanged, compared to its average volume of 4,998,579. Mcdonald’s has a fifty-two week low of $146.84 and a fifty-two week high of $186.58. The firm has a market cap of $142.04 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.71 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business earned $1.76 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. Equities analysts predict that Mcdonald’s will post 7.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.50%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is currently 60.66%.

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,041 shares of company stock valued at $38,839,407. 0.22% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MCD. Rainier Group Investment Advisory LLC bought a new stake in shares of Mcdonald’s in the 1st quarter valued at $102,000. CSat Investment Advisory L.P. bought a new stake in shares of Mcdonald’s in the 2nd quarter valued at $104,000. CX Institutional bought a new stake in shares of Mcdonald’s in the 2nd quarter valued at $109,000. Quad Cities Investment Group LLC bought a new stake in shares of Mcdonald’s in the 2nd quarter valued at $110,000. Finally, NuWave Investment Management LLC boosted its stake in shares of Mcdonald’s by 2,485.2% in the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 66.92% 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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