Robert W. Baird reissued their outperform rating on shares of McDonald’s Corporation (NYSE:MCD) in a report issued on Monday, July 10th. The brokerage currently has a $164.00 price objective on the fast-food giant’s stock.
Several other research analysts also recently commented on the company. BTIG Research lifted their target price on McDonald’s Corporation from $137.00 to $156.00 and gave the stock a buy rating in a report on Wednesday, April 26th. Deutsche Bank AG reaffirmed a buy rating and set a $155.00 target price on shares of McDonald’s Corporation in a report on Wednesday, April 26th. Wells Fargo & Company raised McDonald’s Corporation from a market perform rating to an outperform rating and cut their target price for the stock from $131.70 to $130.76 in a report on Monday, April 17th. They noted that the move was a valuation call. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the company a neutral rating in a research note on Wednesday, April 26th. Finally, Telsey Advisory Group boosted their price objective on McDonald’s Corporation from $150.00 to $165.00 and gave the company an outperform rating in a research note on Thursday, June 1st. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. McDonald’s Corporation has a consensus rating of Buy and an average target price of $162.16.
Shares of McDonald’s Corporation (MCD) traded down 0.03% during trading on Monday, hitting $154.92. The stock had a trading volume of 4,234,291 shares. The stock has a market capitalization of $126.27 billion, a price-to-earnings ratio of 25.36 and a beta of 0.70. The stock has a 50 day moving average price of $154.53 and a 200-day moving average price of $139.41. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98.
McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The business 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 266.50% and a net margin of 21.00%. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, equities research analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.
In related news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction on Wednesday, July 26th. The shares were 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 approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders sold 54,363 shares of company stock worth $8,615,125 in the last quarter. 0.24% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC boosted its position in McDonald’s Corporation by 27.1% in the fourth quarter. CWA Asset Management Group LLC now owns 17,019 shares of the fast-food giant’s stock worth $2,072,000 after buying an additional 3,625 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in McDonald’s Corporation by 49.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 407,547 shares of the fast-food giant’s stock worth $49,607,000 after buying an additional 135,475 shares in the last quarter. Amtrust Financial Services Inc. purchased a new position in McDonald’s Corporation during the fourth quarter worth approximately $1,291,000. Perennial Advisors LLC purchased a new position in McDonald’s Corporation during the fourth quarter worth approximately $2,561,000. Finally, LVW Advisors LLC boosted its position in McDonald’s Corporation by 3.1% in the fourth quarter. LVW Advisors LLC now owns 22,311 shares of the fast-food giant’s stock worth $2,716,000 after buying an additional 681 shares in the last quarter. 67.52% 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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