Brokerages Set McDonald's Co. (MCD) Price Target at $183.71
McDonald's Co. (NYSE:MCD) has received an average rating of “Buy” from the thirty-five brokerages that are presently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $183.71.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. set a $184.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Nomura reissued a “buy” rating and set a $198.00 price target (up from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Credit Suisse Group set a $191.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets reissued a “buy” rating and set a $190.00 price target on shares of McDonald's in a research note on Wednesday, January 31st.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,550 shares of company stock worth $35,118,055. Company insiders own 0.24% of the company’s stock.
McDonald's (NYSE MCD) traded down $2.37 on Friday, hitting $167.01. 2,949,187 shares of the stock traded hands, compared to its average volume of 3,789,536. McDonald's has a twelve month low of $123.95 and a twelve month high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market capitalization of $136,450.00, a PE ratio of 26.33, a P/E/G ratio of 2.50 and a beta of 0.59.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. McDonald's’s revenue was down 11.4% compared to the same quarter last year. sell-side analysts anticipate that McDonald's will post 7.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.42%. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.
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