McDonald’s Corp. (NYSE:MCD) was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage presently has a $128.31 target price on the fast-food giant’s stock. Vetr‘s target price would indicate a potential upside of 15.33% from the stock’s current price.
A number of other analysts also recently commented on the stock. Nomura set a $122.00 price target on shares of McDonald’s Corp. and gave the stock a “neutral” rating in a research report on Monday. Telsey Advisory Group began coverage on shares of McDonald’s Corp. in a report on Monday, October 10th. They issued an “outperform” rating and a $130.00 target price on the stock. Zacks Investment Research downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $132.00 target price on shares of McDonald’s Corp. in a report on Friday, September 16th. Finally, Citigroup Inc. dropped their target price on shares of McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $126.27.
McDonald’s Corp. (NYSE:MCD) opened at 111.25 on Monday. The stock has a market cap of $94.94 billion, a P/E ratio of 21.24 and a beta of 0.61. The firm’s 50-day moving average is $115.18 and its 200-day moving average is $121.13. McDonald’s Corp. has a 1-year low of $102.08 and a 1-year high of $131.96.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm earned $1.26 EPS. McDonald’s Corp.’s revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that McDonald’s Corp. will post $5.56 EPS for the current year.
The firm 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 of this dividend is Tuesday, November 29th. This represents a $3.76 annualized dividend and a dividend yield of 3.38%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is currently 68.59%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction 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 $12,873,713.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Trust Co. of Virginia VA boosted its position in McDonald’s Corp. by 1.8% in the third quarter. Trust Co. of Virginia VA now owns 19,770 shares of the fast-food giant’s stock valued at $2,280,000 after buying an additional 353 shares in the last quarter. Smith Chas P & Associates PA Cpas acquired a new position in McDonald’s Corp. during the third quarter valued at $9,975,000. Somerset Trust Co boosted its position in McDonald’s Corp. by 3.5% in the third quarter. Somerset Trust Co now owns 8,677 shares of the fast-food giant’s stock valued at $1,000,000 after buying an additional 293 shares in the last quarter. BKD Wealth Advisors LLC boosted its position in McDonald’s Corp. by 2.6% in the third quarter. BKD Wealth Advisors LLC now owns 5,126 shares of the fast-food giant’s stock valued at $591,000 after buying an additional 129 shares in the last quarter. Finally, Evanson Asset Management LLC boosted its position in McDonald’s Corp. by 1.6% in the third quarter. Evanson Asset Management LLC now owns 4,239 shares of the fast-food giant’s stock valued at $489,000 after buying an additional 65 shares in the last quarter. 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.
To view Vetr’s full report, visit Vetr’s official website.
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