McDonald's’ (MCD) Outperform Rating Reaffirmed at Credit Suisse Group
Credit Suisse Group restated their outperform rating on shares of McDonald's (NYSE:MCD) in a research note published on Tuesday morning. They currently have a $185.00 target price on the fast-food giant’s stock, up from their prior target price of $178.00.
Several other equities analysts have also recently weighed in on MCD. Robert W. Baird reiterated a buy rating and set a $170.00 price objective on shares of McDonald's in a research report on Friday, September 1st. Royal Bank of Canada restated a buy rating and set a $175.00 price target on shares of McDonald's in a report on Friday, September 8th. Mizuho restated a buy rating and set a $173.00 price target (up from $170.00) on shares of McDonald's in a report on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald's and gave the company a buy rating in a report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded shares of McDonald's from a hold rating to a buy rating and set a $178.00 price target on the stock in a report on Tuesday, September 26th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $175.28.
McDonald's (MCD) opened at $173.39 on Tuesday. McDonald's has a 52-week low of $118.18 and a 52-week high of $175.78. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The firm has a market cap of $138,869.73, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $1.01 per share. This is a positive change from McDonald's’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. McDonald's’s payout ratio is currently 58.30%.
In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Horan Capital Advisors LLC. bought a new stake in McDonald's in the third quarter valued at about $104,000. Phocas Financial Corp. bought a new stake in McDonald's in the second quarter valued at about $107,000. Proficio Capital Partners LLC increased its stake in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after acquiring an additional 570 shares during the period. Finally, Howe & Rusling Inc. grew its stake in McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.
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McDonald's Company Profile
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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