UBS Group Boosts Mcdonald’s (NYSE:MCD) Price Target to $203.00

Mcdonald’s (NYSE:MCD) had its price target boosted by UBS Group from $185.00 to $203.00 in a research note published on Tuesday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the fast-food giant’s stock.

Other equities analysts have also recently issued reports about the stock. Longbow Research cut shares of Mcdonald’s from a buy rating to a neutral rating and reduced their price objective for the stock from $200.00 to $197.00 in a research report on Wednesday, May 1st. They noted that the move was a valuation call. BTIG Research upped their price objective on shares of Mcdonald’s to $220.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. SunTrust Banks upped their price objective on shares of Mcdonald’s to $230.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Bank of America increased their target price on shares of Mcdonald’s from $200.00 to $215.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Mcdonald’s from a sell rating to a hold rating in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $204.43.

NYSE:MCD opened at $204.49 on Tuesday. The firm has a market cap of $156.48 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.87 and a beta of 0.50. Mcdonald’s has a fifty-two week low of $153.13 and a fifty-two week high of $206.39.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. Equities analysts predict that Mcdonald’s will post 8.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, May 31st. Mcdonald’s’s payout ratio is currently 58.73%.

In related news, EVP Jerome N. Krulewitch sold 20,641 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $196.40, for a total transaction of $4,053,892.40. Following the completion of the sale, the executive vice president now directly owns 20,641 shares in the company, valued at $4,053,892.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin M. Ozan sold 40,930 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the sale, the chief financial officer now owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MCD. BlackRock Inc. boosted its stake in Mcdonald’s by 1.1% during the first quarter. BlackRock Inc. now owns 50,259,926 shares of the fast-food giant’s stock worth $9,544,358,000 after buying an additional 534,269 shares during the period. FMR LLC boosted its stake in Mcdonald’s by 0.3% during the first quarter. FMR LLC now owns 21,416,684 shares of the fast-food giant’s stock worth $4,067,029,000 after buying an additional 59,931 shares during the period. Wellington Management Group LLP boosted its stake in Mcdonald’s by 2.7% during the first quarter. Wellington Management Group LLP now owns 15,844,534 shares of the fast-food giant’s stock worth $3,008,878,000 after buying an additional 410,708 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Mcdonald’s by 16,975.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after buying an additional 14,910,259 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Mcdonald’s by 27.1% during the first quarter. Geode Capital Management LLC now owns 11,998,993 shares of the fast-food giant’s stock worth $2,276,207,000 after buying an additional 2,557,020 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

About Mcdonald’s

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.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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