McDonald’s Corp. (NYSE:MCD) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $114.15 price objective on the fast-food giant’s stock. Vetr‘s price objective suggests a potential downside of 0.43% from the company’s current price.
A number of other brokerages have also weighed in on MCD. Jefferies Group reaffirmed a “hold” rating on shares of McDonald’s Corp. in a report on Friday, August 5th. Credit Suisse Group AG dropped 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. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, September 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $140.00 price objective on shares of McDonald’s Corp. in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $125.85.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.62% during trading on Monday, hitting $114.64. 3,085,770 shares of the company traded hands. The stock has a market capitalization of $97.83 billion, a PE ratio of 21.89 and a beta of 0.61. McDonald’s Corp. has a 52-week low of $100.34 and a 52-week high of $131.96. The company has a 50-day moving average of $115.93 and a 200-day moving average of $121.97.
McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. McDonald’s Corp.’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.94 dividend. 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. This represents a $3.76 annualized dividend and a dividend yield of 3.28%. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
In other 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 value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Invictus RG raised its position in shares of McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 721 shares during the last quarter. Glassman Wealth Services raised its position in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. RPg Family Wealth Advisory LLC raised its position in shares of McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 830 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock valued at $128,000 after buying an additional 690 shares during the last quarter. Finally, MU Investments Co. Ltd. purchased a new position in shares of McDonald’s Corp. during the second quarter valued at approximately $163,000. 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.
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