McDonald’s Corporation (NYSE:MCD) Receives News Sentiment Rating of 0.03
Media headlines about McDonald’s Corporation (NYSE:MCD) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. McDonald’s Corporation earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the fast-food giant an impact score of 44.5459767099776 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- UPDATE 2-McDonald’s Japan raises annual profit forecast as consumer appetite recovers (feeds.reuters.com)
- McDonald’s: China Market Play – Seeking Alpha (seekingalpha.com)
- McDonald’s Corporation (MCD) to Double China Locations by 2022 – Investorplace.com (investorplace.com)
- McDonald’s Corporation (MCD) To Double China Stores By 2022 (eslforkids.net)
A number of equities analysts have recently commented on MCD shares. Cleveland Research upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 11th. Wells Fargo & Company raised shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $131.70 to $130.76 in a report on Monday, April 17th. They noted that the move was a valuation call. Sanford C. Bernstein raised shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the company from $129.00 to $160.00 in a report on Tuesday, April 18th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 target price on the stock in a report on Tuesday, April 18th. Finally, Nomura upped their target price on shares of McDonald’s Corporation from $136.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, April 20th. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. McDonald’s Corporation has an average rating of “Buy” and an average price target of $162.16.
Shares of McDonald’s Corporation (NYSE MCD) remained flat at $154.92 during mid-day trading on Wednesday. 3,006,466 shares of the company were exchanged. The firm has a 50-day moving average of $154.53 and a 200 day moving average of $139.41. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. The firm has a market cap of $126.27 billion, a price-to-earnings ratio of 25.36 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. Analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.43%. McDonald’s Corporation’s payout ratio is currently 61.54%.
In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the 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 sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock valued at $8,615,125 in the last three months. 0.24% of the stock is currently owned by corporate insiders.
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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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