McDonald’s Corp. (MCD) Receives New Coverage from Analysts at Telsey Advisory Group
Telsey Advisory Group started coverage on shares of McDonald’s Corp. (NYSE:MCD) in a research note published on Monday morning. The brokerage issued an outperform rating and a $130.00 price objective on the fast-food giant’s stock.
Several other research firms also recently commented on MCD. JPMorgan Chase & Co. set a $130.00 price objective on McDonald’s Corp. and gave the company a buy rating in a report on Tuesday, July 12th. RBC Capital Markets reissued a buy rating and issued a $140.00 price objective on shares of McDonald’s Corp. in a report on Friday, July 22nd. Vetr raised McDonald’s Corp. from a hold rating to a buy rating and set a $128.73 price objective for the company in a report on Tuesday, July 26th. Deutsche Bank AG cut their price objective on McDonald’s Corp. from $140.00 to $135.00 and set a buy rating for the company in a report on Wednesday, July 27th. Finally, SunTrust Banks Inc. set a $138.00 price objective on McDonald’s Corp. and gave the company a buy rating in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $126.01.
McDonald’s Corp. (NYSE:MCD) traded down 0.30% during midday trading on Monday, hitting $114.37. 723,814 shares of the stock traded hands. The company has a market cap of $97.60 billion, a PE ratio of 21.84 and a beta of 0.61. McDonald’s Corp. has a one year low of $101.60 and a one year high of $131.96. The company’s 50-day moving average is $115.45 and its 200-day moving average is $121.61.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 annualized dividend and a yield of 3.28%. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in McDonald’s Corp. by 4.1% in the second quarter. BlackRock Fund Advisors now owns 16,763,162 shares of the fast-food giant’s stock valued at $2,017,279,000 after buying an additional 655,395 shares during the period. BlackRock Group LTD boosted its stake in McDonald’s Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 8,204,193 shares of the fast-food giant’s stock valued at $1,031,103,000 after buying an additional 89,886 shares during the period. Geode Capital Management LLC boosted its stake in McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares during the period. TIAA CREF Investment Management LLC boosted its stake in McDonald’s Corp. by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,264,396 shares of the fast-food giant’s stock valued at $535,949,000 after buying an additional 394,393 shares during the period. Finally, Janus Capital Management LLC boosted its stake in McDonald’s Corp. by 49.3% in the second quarter. Janus Capital Management LLC now owns 4,192,114 shares of the fast-food giant’s stock valued at $504,479,000 after buying an additional 1,383,391 shares during the period. Institutional investors and hedge funds own 69.10% of the company’s stock.
About McDonald’s Corp.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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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