Mcdonald’s (MCD) Receiving Favorable Press Coverage, Report Finds
Media coverage about Mcdonald’s (NYSE:MCD) has been trending positive on Friday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mcdonald’s earned a media sentiment score of 2.40 on their scale. InfoTrie also gave media headlines about the fast-food giant an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Mcdonald’s’ score:
- McDonald’s employee diagnosed with hepatitis A – WRCB-TV (wrcbtv.com)
- Bloomington McDonald’s employee charged with battery after throwing cheeseburger at co-worker – FOX 59 Indianapolis (fox59.com)
- McDonald’s: Q&A with Villanova signee Bryan Antoine – 247Sports (247sports.com)
- McDonald’s Acquisition of Dynamic Yield Is a Game Changer – TheStreet.com (thestreet.com)
Several research firms have weighed in on MCD. Zacks Investment Research upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $208.00 target price for the company in a report on Wednesday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a report on Tuesday, December 4th. Wells Fargo & Co raised their target price on shares of Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Stephens upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $180.00 to $200.00 in a report on Tuesday, February 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $205.00 target price on shares of Mcdonald’s in a report on Wednesday, January 30th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and an average target price of $194.11.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. As a group, research analysts predict that Mcdonald’s will post 8.14 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.45%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.
In other news, VP Catherine A. Hoovel sold 1,328 shares of Mcdonald’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the sale, the vice president now directly owns 2,499 shares in the company, valued at $439,699.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of Mcdonald’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $180.27, for a total transaction of $5,408,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,775 shares of company stock valued at $23,249,437. Insiders own 0.22% of the company’s stock.
Mcdonald’s Company Profile
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.
Further Reading: What are the risks of holding treasury bonds?
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.