Mcdonald’s (NYSE:MCD) had its price target lifted by Morgan Stanley from $210.00 to $220.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the fast-food giant’s stock.
Several other brokerages have also recently commented on MCD. Jefferies Financial Group restated a buy rating and issued a GBX 99 ($1.29) target price on shares of in a research report on Friday, June 28th. Zacks Investment Research cut shares of Heritage Insurance from a hold rating to a strong sell rating in a research report on Friday, April 26th. Bank of America set a $80.00 price objective on shares of Canopy Growth and gave the stock a buy rating in a research report on Friday, June 7th. BTIG Research upped their price objective on shares of Apple to $234.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Finally, Cleveland Research reiterated a hold rating on shares of Mcdonald’s in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $211.69.
Shares of NYSE:MCD opened at $213.87 on Thursday. The firm has a 50 day moving average price of $206.93. The firm has a market cap of $163.30 billion, a PE ratio of 27.07, a PEG ratio of 3.08 and a beta of 0.51. Mcdonald’s has a 12 month low of $153.13 and a 12 month high of $216.26.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.01). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. Mcdonald’s’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. As a group, equities research analysts anticipate that Mcdonald’s will post 8.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.17%. Mcdonald’s’s payout ratio is 58.73%.
In other Mcdonald’s news, insider Christopher J. Kempczinski sold 38,729 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the sale, the insider now directly owns 11,658 shares of the company’s stock, valued at approximately $2,275,758.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Insiders have sold a total of 104,449 shares of company stock worth $20,458,931 over the last three months. Insiders own 0.25% of the company’s stock.
Several large investors have recently bought and sold shares of MCD. First Command Financial Services Inc. boosted its stake in Mcdonald’s by 2.7% during the second quarter. First Command Financial Services Inc. now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after acquiring an additional 48 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in Mcdonald’s by 2.2% during the second quarter. Gilman Hill Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock worth $487,000 after acquiring an additional 50 shares in the last quarter. Legacy Private Trust Co. boosted its stake in Mcdonald’s by 1.1% during the second quarter. Legacy Private Trust Co. now owns 4,678 shares of the fast-food giant’s stock worth $971,000 after acquiring an additional 52 shares in the last quarter. Aldebaran Financial Inc. boosted its stake in Mcdonald’s by 0.7% during the first quarter. Aldebaran Financial Inc. now owns 7,325 shares of the fast-food giant’s stock worth $1,391,000 after acquiring an additional 53 shares in the last quarter. Finally, Arbor Wealth Management LLC boosted its stake in Mcdonald’s by 8.2% during the second quarter. Arbor Wealth Management LLC now owns 743 shares of the fast-food giant’s stock worth $154,000 after acquiring an additional 56 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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