Vetr Inc. Downgrades McDonald’s Corp. (MCD) to Hold
McDonald’s Corp. (NYSE:MCD) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $126.64 price target on the fast-food giant’s stock. Vetr‘s price target would indicate a potential upside of 4.94% from the stock’s current price.
MCD has been the topic of a number of other reports. Canaccord Genuity reiterated a “hold” rating and set a $122.00 price target on shares of McDonald’s Corp. in a research note on Sunday, October 23rd. Robert W. Baird reiterated an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Argus lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $131.96 to $87.50 in a research note on Monday, August 15th. RBC Capital Markets set a $140.00 price target on shares of McDonald’s Corp. and gave the stock a “buy” rating in a research note on Thursday, November 17th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and set a $140.00 price target on shares of McDonald’s Corp. in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. McDonald’s Corp. has an average rating of “Hold” and an average target price of $126.36.
Shares of McDonald’s Corp. (NYSE:MCD) opened at 120.68 on Monday. McDonald’s Corp. has a 1-year low of $110.33 and a 1-year high of $131.96. The firm has a market capitalization of $100.22 billion, a PE ratio of 22.67 and a beta of 0.63. The company has a 50-day moving average of $114.92 and a 200-day moving average of $118.36.
McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Friday, October 21st. The fast-food giant reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.13. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. McDonald’s Corp.’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corp. will post $5.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 3.12%. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 67.30%.
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In other McDonald’s Corp. news, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $1,741,680. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the sale, the chairman now directly owns 72,514 shares in the company, valued at $8,228,888.72. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of MCD. Toth Financial Advisory Corp raised its stake in shares of McDonald’s Corp. by 3.0% in the second quarter. Toth Financial Advisory Corp now owns 28,213 shares of the fast-food giant’s stock worth $3,395,000 after buying an additional 811 shares during the last quarter. Pensionfund DSM Netherlands purchased a new position in McDonald’s Corp. during the second quarter valued at $6,739,000. Pensionfund Sabic purchased a new position in McDonald’s Corp. during the second quarter valued at $3,105,000. Integrated Investment Consultants LLC raised its position in McDonald’s Corp. by 9.7% in the second quarter. Integrated Investment Consultants LLC now owns 5,637 shares of the fast-food giant’s stock valued at $678,000 after buying an additional 500 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown raised its position in McDonald’s Corp. by 0.5% in the second quarter. First National Bank & Trust Co. of Newtown now owns 15,569 shares of the fast-food giant’s stock valued at $1,901,000 after buying an additional 80 shares in the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.
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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