McDonald’s Corporation (MCD) PT Set at $183.00 by Nomura

Nomura set a $183.00 target price on McDonald’s Corporation (NYSE:MCD) in a research report report published on Tuesday. The brokerage currently has a buy rating on the fast-food giant’s stock.

A number of other brokerages have also issued reports on MCD. Goldman Sachs Group Inc set a $172.00 target price on McDonald’s Corporation and gave the company a buy rating in a research report on Friday, October 13th. Royal Bank Of Canada upped their target price on McDonald’s Corporation from $175.00 to $180.00 and gave the company an outperform rating in a research report on Friday, October 13th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $178.00 target price on shares of McDonald’s Corporation in a research report on Thursday, October 12th. Piper Jaffray Companies set a $170.00 target price on McDonald’s Corporation and gave the company a buy rating in a research report on Thursday, October 12th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Friday, October 6th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $168.64.

Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.12% during mid-day trading on Tuesday, reaching $166.30. 5,577,713 shares of the company traded hands. The company has a market capitalization of $134.70 billion, a P/E ratio of 27.22 and a beta of 0.69. The firm’s 50 day moving average price is $159.62 and its 200-day moving average price is $152.01. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $167.90.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Equities analysts predict that McDonald’s Corporation will post $6.56 earnings per share 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. Investors of record on Friday, December 1st will be paid a $1.01 dividend. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

In other McDonald’s Corporation news, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of MCD. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of McDonald’s Corporation during the 2nd quarter valued at about $322,000. Phocas Financial Corp. acquired a new position in shares of McDonald’s Corporation during the 2nd quarter valued at about $107,000. Orrstown Financial Services Inc. increased its holdings in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after acquiring an additional 104 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of McDonald’s Corporation by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares during the last quarter. 67.92% of the stock is currently owned by institutional investors.

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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