A number of other research analysts have also recently commented on the company. Mizuho restated a buy rating and issued a $173.00 target price (up previously from $170.00) on shares of McDonald’s Corporation in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $170.00 target price on McDonald’s Corporation and gave the company a buy rating in a research note on Thursday, June 22nd. Deutsche Bank AG raised their target price on McDonald’s Corporation from $155.00 to $175.00 and gave the company a buy rating in a research note on Monday, July 10th. Robert W. Baird restated a buy rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, September 1st. Finally, Barclays PLC set a $164.00 price objective on McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $169.93.
Shares of McDonald’s Corporation (NYSE MCD) traded up $0.97 during mid-day trading on Tuesday, hitting $169.62. The stock had a trading volume of 681,932 shares, compared to its average volume of 3,300,000. The company has a market cap of $136,950.00, a price-to-earnings ratio of 26.35, a P/E/G ratio of 2.76 and a beta of 0.67. McDonald’s Corporation has a 12-month low of $110.83 and a 12-month high of $169.78. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.
McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. research analysts forecast that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.
In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,621 shares of company stock valued at $3,745,474. Company insiders own 0.24% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in MCD. Waldron LP acquired a new stake in shares of McDonald’s Corporation during the 1st quarter valued at about $260,000. Paragon Capital Management Ltd purchased a new position in McDonald’s Corporation in the 1st quarter worth approximately $333,000. Parsec Financial Management Inc. lifted its stake in McDonald’s Corporation by 10.5% in the 1st quarter. Parsec Financial Management Inc. now owns 2,638 shares of the fast-food giant’s stock worth $342,000 after purchasing an additional 251 shares in the last quarter. Gamble Jones Investment Counsel lifted its stake in McDonald’s Corporation by 2.1% in the 1st quarter. Gamble Jones Investment Counsel now owns 60,950 shares of the fast-food giant’s stock worth $7,900,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Rand Wealth LLC lifted its stake in McDonald’s Corporation by 2.6% in the 1st quarter. Rand Wealth LLC now owns 23,490 shares of the fast-food giant’s stock worth $3,044,000 after purchasing an additional 585 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.
McDonald’s Corporation 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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