Goldman Sachs Group, Inc. (The) set a $173.00 price objective on McDonald’s Corporation (NYSE:MCD) in a report issued on Wednesday morning. The firm currently has a buy rating on the fast-food giant’s stock.
A number of other research analysts have also issued reports on the company. Royal Bank Of Canada set a $175.00 target price on McDonald’s Corporation and gave the company a buy rating in a report on Wednesday, July 26th. Sanford C. Bernstein reiterated an outperform rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Tuesday, July 25th. BidaskClub lowered McDonald’s Corporation from a buy rating to a hold rating in a report on Thursday, August 3rd. Robert W. Baird reiterated an outperform rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Tuesday, October 3rd. Finally, Bank of America Corporation reiterated a buy rating and issued a $175.00 target price on shares of McDonald’s Corporation in a report on Monday, August 14th. Eleven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $169.96.
McDonald’s Corporation (NYSE:MCD) traded down $1.41 on Wednesday, hitting $165.59. The stock had a trading volume of 4,226,200 shares, compared to its average volume of 3,256,198. McDonald’s Corporation has a 1-year low of $114.17 and a 1-year high of $170.92. The stock has a market capitalization of $132,006.02, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.
McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the business posted $1.62 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.44%. McDonald’s Corporation’s payout ratio is presently 54.26%.
In other news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new stake in shares of McDonald’s Corporation during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. purchased a new stake in McDonald’s Corporation in the 2nd quarter valued at approximately $107,000. Orrstown Financial Services Inc. lifted its stake in McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald’s Corporation by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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