Mcdonald’s Corp (NYSE:MCD) has earned a consensus rating of “Buy” from the thirty ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $182.80.
Several equities research analysts recently issued reports on the company. ValuEngine upgraded Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday. Guggenheim upgraded Mcdonald’s from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday. They noted that the move was a valuation call. Goldman Sachs Group reiterated a “buy” rating and issued a $192.00 price objective on shares of Mcdonald’s in a report on Friday, October 5th. KeyCorp assumed coverage on Mcdonald’s in a report on Wednesday, October 3rd. They issued an “overweight” rating and a $185.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 price objective on shares of Mcdonald’s in a report on Thursday, September 27th.
MCD stock traded up $0.85 during trading on Wednesday, hitting $163.82. The stock had a trading volume of 3,402,828 shares, compared to its average volume of 4,032,916. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24. Mcdonald’s has a twelve month low of $146.84 and a twelve month high of $178.70. The stock has a market cap of $129.78 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.49 and a beta of 0.66.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the firm posted $1.73 EPS. Mcdonald’s’s revenue was down 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Mcdonald’s will post 7.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after acquiring an additional 1,014,792 shares in the last quarter. Fundsmith Equity Fund L.P. acquired a new position in shares of Mcdonald’s in the second quarter worth $1,191,239,000. Janus Henderson Group PLC grew its stake in shares of Mcdonald’s by 5.4% in the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock worth $1,270,446,000 after acquiring an additional 412,750 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of Mcdonald’s by 0.4% in the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock worth $933,213,000 after acquiring an additional 20,873 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock worth $931,884,000 after acquiring an additional 522,333 shares in the last quarter. 66.98% of the stock is currently owned by institutional investors and hedge funds.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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