McDonald’s Corporation (MCD) Rating Reiterated by Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report report published on Wednesday morning. Deutsche Bank AG currently has a $180.00 price objective on the fast-food giant’s stock, up from their prior price objective of $175.00.
MCD has been the topic of several other reports. Wells Fargo & Company reiterated an outperform rating and issued a $175.00 price target (up from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Thursday, June 22nd. Cleveland Research raised shares of McDonald’s Corporation from a neutral rating to a buy rating in a research note on Tuesday, April 11th. Finally, Barclays PLC upped their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the company an overweight rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have given a buy rating to the stock. McDonald’s Corporation presently has an average rating of Buy and a consensus target price of $161.74.
Shares of McDonald’s Corporation (MCD) opened at 155.85 on Wednesday. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The stock’s 50 day moving average is $153.88 and its 200-day moving average is $138.34. The firm has a market cap of $127.03 billion, a P/E ratio of 25.51 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 earnings per share. Analysts anticipate that McDonald’s Corporation will post $6.52 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.
In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,363 shares of company stock valued at $8,615,125. 0.24% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Oakworth Capital Inc. raised its position in shares of 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 in the last quarter. Wealthfront Inc. raised its position in shares of 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 in the last quarter. Chesley Taft & Associates LLC raised its position in shares of 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 in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of 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 in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of McDonald’s Corporation during the fourth quarter valued at $3,273,000. 67.66% of the stock is owned by institutional investors.
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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