Vetr upgraded shares of McDonald’s Corp. (NYSE:MCD) from a hold rating to a buy rating in a research report report published on Wednesday. They currently have $121.01 target price on the fast-food giant’s stock.
A number of other brokerages have also weighed in on MCD. Nomura restated a buy rating on shares of McDonald’s Corp. in a research note on Thursday, June 2nd. Credit Agricole SA reiterated a sell rating and issued a $128.00 target price on shares of McDonald’s Corp. in a research report on Wednesday, June 8th. Longbow Research reissued a hold rating on shares of McDonald’s Corp. in a report on Wednesday, June 8th. Royal Bank Of Canada reissued an outperform rating on shares of McDonald’s Corp. in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG cut their price target 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. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $125.85.
Shares of McDonald’s Corp. (NYSE:MCD) opened at 114.64 on Wednesday. The stock has a market cap of $97.83 billion, a PE ratio of 21.89 and a beta of 0.61. McDonald’s Corp. has a 1-year low of $100.34 and a 1-year high of $131.96. The company’s 50-day moving average price is $115.93 and its 200 day moving average price is $121.97.
McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating 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 business earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.94 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio is currently 68.59%.
In other McDonald’s Corp. 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 transaction, the chairman now owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI boosted its position in shares of McDonald’s Corp. by 2.8% in the third quarter. LVM Capital Management Ltd. MI now owns 3,310 shares of the fast-food giant’s stock valued at $333,000 after buying an additional 90 shares during the last quarter. Bath Savings Trust Co increased its stake in shares of McDonald’s Corp. by 0.6% in the third quarter. Bath Savings Trust Co now owns 36,241 shares of the fast-food giant’s stock valued at $4,181,000 after buying an additional 200 shares during the period. Carnick & Kubik Group LLC purchased a new stake in shares of McDonald’s Corp. during the second quarter valued at about $426,000. Williams Jones & Associates LLC increased its stake in shares of McDonald’s Corp. by 25.3% in the second quarter. Williams Jones & Associates LLC now owns 8,057 shares of the fast-food giant’s stock valued at $970,000 after buying an additional 1,625 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of McDonald’s Corp. during the second quarter valued at about $4,265,000. Hedge funds and other institutional investors own 69.10% 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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.