McDonald’s Corp. (MCD) Stock Rating Reaffirmed by Credit Suisse Group AG
McDonald’s Corp. (NYSE:MCD)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a $132.00 price target on the fast-food giant’s stock. Credit Suisse Group AG’s target price would indicate a potential upside of 14.57% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a research note on Monday, September 5th. Morgan Stanley reaffirmed a “hold” rating and set a $118.00 price objective on shares of McDonald’s Corp. in a research note on Thursday, July 28th. Canaccord Genuity started coverage on McDonald’s Corp. in a research note on Monday, August 22nd. They set a “hold” rating and a $122.00 price objective on the stock. Citigroup Inc. reduced their price objective on McDonald’s Corp. from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 13th. Finally, SunTrust Banks Inc. set a $138.00 price objective on McDonald’s Corp. and gave the company a “buy” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $126.62.
Shares of McDonald’s Corp. (NYSE:MCD) opened at 115.21 on Friday. McDonald’s Corp. has a 12 month low of $95.78 and a 12 month high of $131.96. The company has a 50-day moving average price of $116.61 and a 200-day moving average price of $122.30. The company has a market capitalization of $98.32 billion, a price-to-earnings ratio of 22.00 and a beta of 0.59.
McDonald’s Corp. (NYSE:MCD) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. On average, equities analysts anticipate that McDonald’s Corp. will post $5.56 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, August 30th. McDonald’s Corp.’s payout ratio is currently 68.59%.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Pennsylvania Trust Co boosted its stake in shares of McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock valued at $27,345,000 after buying an additional 7,714 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares during the last quarter. Royal Bank of Scotland Group PLC bought a new stake in shares of McDonald’s Corp. during the first quarter valued at approximately $540,000. Finally, National Pension Service boosted its stake in shares of McDonald’s Corp. by 4.2% in the first quarter. National Pension Service now owns 481,054 shares of the fast-food giant’s stock valued at $60,459,000 after buying an additional 19,502 shares during the last quarter. Institutional investors and hedge funds own 69.19% 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.
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 Analyst Ratings Network's FREE daily email newsletter.