Vetr Inc. Upgrades McDonald’s Corp. (MCD) to “Strong-Buy”
McDonald’s Corp. (NYSE:MCD) was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $128.31 price target on the fast-food giant’s stock. Vetr‘s target price would suggest a potential upside of 14.14% from the stock’s previous close.
Several other brokerages have also recently issued reports on MCD. Zacks Investment Research cut McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Jefferies Group reaffirmed a “hold” rating on shares of McDonald’s Corp. in a report on Friday, August 5th. Credit Suisse Group AG decreased their price objective on McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of McDonald’s Corp. in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $140.00 price target on shares of McDonald’s Corp. in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. McDonald’s Corp. has a consensus rating of “Hold” and an average target price of $126.27.
McDonald’s Corp. (NYSE:MCD) traded down 1.47% during mid-day trading on Monday, reaching $112.41. 5,655,748 shares of the company traded hands. The company’s 50 day moving average price is $115.30 and its 200 day moving average price is $121.25. McDonald’s Corp. has a 12-month low of $102.08 and a 12-month high of $131.96. The firm has a market capitalization of $95.93 billion, a P/E ratio of 21.46 and a beta of 0.61.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts predict that McDonald’s Corp. will post $5.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.94 dividend. The ex-dividend date is Tuesday, November 29th. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.34%. McDonald’s Corp.’s payout ratio is currently 68.59%.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction that occurred on 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 transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Telemus Capital LLC bought a new position in shares of McDonald’s Corp. during the first quarter worth approximately $745,000. Commonwealth Equity Services Inc increased its position in shares of McDonald’s Corp. by 6.4% in the first quarter. Commonwealth Equity Services Inc now owns 410,521 shares of the fast-food giant’s stock worth $51,594,000 after buying an additional 24,757 shares during the last quarter. Aperio Group LLC increased its position in shares of McDonald’s Corp. by 4.0% in the first quarter. Aperio Group LLC now owns 466,536 shares of the fast-food giant’s stock worth $58,634,000 after buying an additional 17,751 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in shares of McDonald’s Corp. during the first quarter worth approximately $2,538,000. Finally, Virginia Retirement System bought a new position in shares of McDonald’s Corp. during the first quarter worth approximately $53,475,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.
McDonald’s Corp. Company Profile
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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