Mcdonald’s Corp (MCD) Given Consensus Recommendation of “Buy” by Brokerages
Mcdonald’s Corp (NYSE:MCD) has been given a consensus recommendation of “Buy” by the thirty research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $193.53.
MCD has been the topic of several analyst reports. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $209.00 target price on the stock in a report on Monday, December 17th. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $180.00 to $200.00 in a research report on Tuesday, February 19th. Piper Jaffray Companies boosted their price objective on shares of Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. Royal Bank of Canada reissued a “buy” rating and issued a $205.00 price objective on shares of Mcdonald’s in a research report on Wednesday, January 30th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $200.00 price objective on shares of Mcdonald’s in a research report on Thursday, November 15th.
NYSE MCD traded up $0.68 during trading on Friday, reaching $182.74. The company’s stock had a trading volume of 2,375,343 shares, compared to its average volume of 3,702,947. The firm has a market cap of $139.16 billion, a PE ratio of 23.13, a P/E/G ratio of 2.52 and a beta of 0.53. Mcdonald’s has a twelve month low of $153.13 and a twelve month high of $190.88.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.
In other news, VP Catherine A. Hoovel sold 1,328 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $175.95, for a total value of $233,661.60. Following the completion of the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $439,699.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Lane Gibbs sold 22,036 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. Insiders have sold 129,775 shares of company stock valued at $23,249,437 in the last ninety days. 0.22% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in Mcdonald’s by 15.3% in the fourth quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after buying an additional 2,831,716 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Mcdonald’s by 16,975.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after buying an additional 14,910,259 shares in the last quarter. Northern Trust Corp raised its holdings in Mcdonald’s by 2.8% in the 4th quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock valued at $2,074,161,000 after acquiring an additional 317,676 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mcdonald’s by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock valued at $1,673,764,000 after acquiring an additional 683,872 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Mcdonald’s by 4.8% in the 4th quarter. Bank of New York Mellon Corp now owns 8,347,633 shares of the fast-food giant’s stock valued at $1,482,289,000 after acquiring an additional 383,089 shares during the last quarter. Institutional investors and hedge funds own 67.39% of the company’s stock.
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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