Mcdonald’s (NYSE:MCD) had its target price lowered by Deutsche Bank from $199.00 to $171.00 in a research note released on Monday morning, AnalystRatings.com reports. The brokerage currently has a hold rating on the fast-food giant’s stock.
MCD has been the subject of a number of other research reports. KeyCorp lifted their target price on Mcdonald’s from $225.00 to $235.00 and gave the stock an overweight rating in a report on Friday, January 24th. Royal Bank of Canada restated a buy rating and issued a $235.00 price target on shares of Mcdonald’s in a research note on Thursday, January 30th. Piper Sandler reaffirmed a hold rating and set a $195.00 price target on shares of Mcdonald’s in a research report on Thursday, January 30th. Bank of America reiterated a buy rating and issued a $240.00 price objective on shares of Mcdonald’s in a research note on Thursday, January 30th. Finally, Guggenheim boosted their price objective on shares of Mcdonald’s from $237.00 to $239.00 and gave the company a buy rating in a report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $221.21.
Shares of NYSE:MCD opened at $167.35 on Monday. Mcdonald’s has a 12-month low of $124.23 and a 12-month high of $221.93. The stock has a market cap of $120.73 billion, a PE ratio of 21.24, a P/E/G ratio of 2.36 and a beta of 0.48. The business has a 50 day moving average of $193.59 and a 200-day moving average of $200.76.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.01. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.30 billion. Mcdonald’s had a negative return on equity of 79.57% and a net margin of 28.59%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.97 earnings per share. On average, analysts forecast that Mcdonald’s will post 8.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $1.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.99%. Mcdonald’s’s payout ratio is 63.78%.
In related news, EVP Daniel Henry sold 3,035 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $215.54, for a total value of $654,163.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 2,555 shares of Mcdonald’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $214.00, for a total value of $546,770.00. Following the completion of the transaction, the vice president now owns 1,347 shares in the company, valued at approximately $288,258. The disclosure for this sale can be found here. Insiders have sold a total of 19,616 shares of company stock valued at $4,198,430 in the last three months. 0.25% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of MCD. Geode Capital Management LLC grew its position in Mcdonald’s by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 11,355,408 shares of the fast-food giant’s stock worth $2,240,504,000 after acquiring an additional 288,582 shares during the last quarter. Norges Bank bought a new position in Mcdonald’s in the fourth quarter valued at about $1,579,988,000. Janus Henderson Group PLC boosted its stake in shares of Mcdonald’s by 10.8% during the fourth quarter. Janus Henderson Group PLC now owns 6,401,217 shares of the fast-food giant’s stock valued at $1,264,937,000 after purchasing an additional 625,583 shares in the last quarter. Magellan Asset Management Ltd boosted its stake in shares of Mcdonald’s by 3.0% during the fourth quarter. Magellan Asset Management Ltd now owns 3,505,891 shares of the fast-food giant’s stock valued at $692,799,000 after purchasing an additional 100,895 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mcdonald’s by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,345,151 shares of the fast-food giant’s stock worth $661,036,000 after purchasing an additional 16,215 shares during the last quarter. Institutional investors own 67.30% of the company’s stock.
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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