Analysts Set Mcdonald’s Corp (MCD) PT at $181.77
Shares of Mcdonald’s Corp (NYSE:MCD) have earned an average recommendation of “Buy” from the thirty analysts that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $181.50.
A number of equities analysts recently issued reports on MCD shares. Royal Bank of Canada set a $175.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Thursday, July 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price target on shares of Mcdonald’s in a research note on Tuesday, August 28th. Nomura upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Thursday, June 7th. Barclays reiterated a “buy” rating and issued a $194.00 price target on shares of Mcdonald’s in a research note on Monday, August 20th. Finally, Citigroup dropped their price target on shares of Mcdonald’s from $178.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 15th.
A number of large investors have recently modified their holdings of MCD. Rainier Group Investment Advisory LLC purchased a new stake in shares of Mcdonald’s during the 1st quarter valued at about $102,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Mcdonald’s during the 1st quarter valued at about $104,000. CSat Investment Advisory L.P. purchased a new stake in shares of Mcdonald’s during the 2nd quarter valued at about $104,000. CX Institutional purchased a new stake in shares of Mcdonald’s during the 2nd quarter valued at about $109,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Mcdonald’s during the 2nd quarter valued at about $110,000. 66.94% of the stock is owned by institutional investors and hedge funds.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. Mcdonald’s’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 EPS. equities analysts expect that Mcdonald’s will post 7.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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