McDonald’s Corporation (MCD) Price Target Raised to $175.00 at Deutsche Bank AG

McDonald’s Corporation (NYSE:MCD) had its target price raised by Deutsche Bank AG from $155.00 to $175.00 in a report released on Monday, July 10th. They currently have a buy rating on the fast-food giant’s stock.

Other analysts have also recently issued research reports about the stock. Nomura reiterated a buy rating and issued a $161.00 price target on shares of McDonald’s Corporation in a research note on Wednesday, April 26th. Instinet restated a buy rating and set a $146.00 target price (up from $136.00) on shares of McDonald’s Corporation in a research report on Saturday, April 22nd. Vetr upgraded shares of McDonald’s Corporation from a sell rating to a buy rating and set a $145.38 target price on the stock in a research report on Tuesday, April 18th. Cleveland Research upgraded shares of McDonald’s Corporation from a neutral rating to a buy rating in a research report on Tuesday, April 11th. Finally, BTIG Research upped their target price on shares of McDonald’s Corporation from $137.00 to $156.00 and gave the company a buy rating in a research report on Wednesday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. McDonald’s Corporation currently has a consensus rating of Buy and an average price target of $162.16.

Shares of McDonald’s Corporation (NYSE MCD) traded down 0.03% during trading on Monday, reaching $154.92. The company’s stock had a trading volume of 4,234,291 shares. The stock has a market cap of $126.27 billion, a P/E ratio of 25.36 and a beta of 0.70. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The stock has a 50-day moving average of $154.53 and a 200-day moving average of $139.41.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. Analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.43%. McDonald’s Corporation’s payout ratio is currently 61.54%.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold a total of 54,363 shares of company stock valued at $8,615,125 in the last quarter. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. ARGI Investment Services LLC raised its position in shares of McDonald’s Corporation by 4.9% in the second quarter. ARGI Investment Services LLC now owns 6,046 shares of the fast-food giant’s stock valued at $918,000 after buying an additional 282 shares during the last quarter. AlphaMark Advisors LLC raised its position in McDonald’s Corporation by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares during the last quarter. Principal Financial Group Inc. raised its position in McDonald’s Corporation by 5.7% in the second quarter. Principal Financial Group Inc. now owns 1,272,860 shares of the fast-food giant’s stock valued at $194,952,000 after buying an additional 68,529 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in McDonald’s Corporation by 0.9% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 8,000 shares of the fast-food giant’s stock valued at $1,225,000 after buying an additional 73 shares during the last quarter. Finally, Motco raised its position in McDonald’s Corporation by 4.4% in the second quarter. Motco now owns 70,113 shares of the fast-food giant’s stock valued at $10,739,000 after buying an additional 2,978 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.

About McDonald’s Corporation

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 Corporation (NYSE:MCD)

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