J P Morgan Chase & Co Analysts Give McDonald’s Corporation (NYSE:MCD) a $170.00 Price Target
MCD has been the topic of a number of other reports. Wells Fargo & Company reaffirmed an outperform rating and set a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the stock a buy rating in a report on Wednesday, July 19th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a buy rating in a report on Thursday, June 22nd. Cleveland Research raised shares of McDonald’s Corporation from a neutral rating to a buy rating in a report on Tuesday, April 11th. Finally, Barclays PLC lifted their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the stock an overweight rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company’s stock. McDonald’s Corporation presently has a consensus rating of Buy and a consensus price target of $161.74.
Shares of McDonald’s Corporation (NYSE MCD) traded down 0.70% during mid-day trading on Wednesday, reaching $155.85. 3,964,456 shares of the company’s stock were exchanged. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The company has a market cap of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70. The company’s 50-day moving average price is $153.88 and its 200 day moving average price is $138.34.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. On average, equities research analysts predict that McDonald’s Corporation will post $6.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.
In related news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the completion of the transaction, the executive vice president now owns 11,755 shares in the company, valued at $1,861,756.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,363 shares of company stock worth $8,615,125. 0.24% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Oakworth Capital Inc. boosted its position in McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the period. Wealthfront Inc. boosted its position in McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock valued at $3,292,000 after buying an additional 1,275 shares during the period. Chesley Taft & Associates LLC boosted its position in McDonald’s Corporation by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 34,485 shares of the fast-food giant’s stock valued at $4,470,000 after buying an additional 115 shares during the period. Candriam Luxembourg S.C.A. boosted its position in McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock valued at $11,977,000 after buying an additional 14,662 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in McDonald’s Corporation during the fourth quarter valued at $3,273,000. Institutional investors own 67.66% of the company’s stock.
About McDonald’s Corporation
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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