Sanford C. Bernstein Reaffirms Outperform Rating for McDonald’s Corporation (MCD)

Sanford C. Bernstein reiterated their outperform rating on shares of McDonald’s Corporation (NYSE:MCD) in a research note released on Tuesday, July 25th. Sanford C. Bernstein currently has a $170.00 price target on the fast-food giant’s stock.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of McDonald’s Corporation from a buy rating to a hold rating in a report on Tuesday, July 25th. Raymond James Financial, Inc. restated a market perform rating on shares of McDonald’s Corporation in a report on Monday, July 24th. BidaskClub lowered shares of McDonald’s Corporation from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Argus reissued a buy rating and set a $175.00 price target (up from $158.00) on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Finally, Longbow Research reissued a neutral rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Thirteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. McDonald’s Corporation has an average rating of Buy and an average target price of $162.16.

McDonald’s Corporation (NYSE MCD) opened at 157.30 on Tuesday. The company’s 50-day moving average is $154.85 and its 200-day moving average is $140.61. The stock has a market capitalization of $127.41 billion, a PE ratio of 25.75 and a beta of 0.70. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the prior year, the business earned $1.45 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Sanford C. Bernstein Reaffirms Outperform Rating for McDonald’s Corporation (MCD)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.com-unik.info/2017/08/12/mcdonalds-corporation-mcd-given-outperform-rating-at-sanford-c-bernstein-updated-updated.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.39%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The disclosure for this sale can be found here. Insiders have sold 65,156 shares of company stock worth $10,281,996 over the last quarter. Insiders own 0.24% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Orrstown Financial Services Inc. increased its position in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC increased its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares in the last quarter. Zions Bancorporation increased its position in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in shares of McDonald’s Corporation during the fourth quarter worth approximately $131,000. 67.52% of the stock is owned by institutional investors and hedge funds.

About McDonald’s Corporation

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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

What are top analysts saying about McDonald's Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for McDonald's Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit