McDonald’s Corporation (MCD) Given a $175.00 Price Target at J P Morgan Chase & Co

J P Morgan Chase & Co set a $175.00 price objective on McDonald’s Corporation (NYSE:MCD) in a research note released on Wednesday. The brokerage currently has a buy rating on the fast-food giant’s stock.

Several other brokerages have also issued reports on MCD. Stifel Nicolaus set a $165.00 target price on shares of McDonald’s Corporation and gave the stock a neutral rating in a research note on Wednesday. Wells Fargo & Company set a $185.00 price objective on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday. Nomura set a $180.00 target price on shares of McDonald’s Corporation and gave the company a buy rating in a report on Wednesday. Robert W. Baird set a $175.00 target price on shares of McDonald’s Corporation and gave the company a buy rating in a report on Wednesday. Finally, UBS AG set a $170.00 target price on shares of McDonald’s Corporation and gave the company a hold rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $169.93.

Shares of McDonald’s Corporation (MCD) traded up 0.84% during trading on Wednesday, reaching $165.39. 2,298,244 shares of the company’s stock were exchanged. The stock has a market cap of $133.97 billion, a PE ratio of 27.07 and a beta of 0.69. The stock’s 50 day moving average price is $160.28 and its 200-day moving average price is $153.23. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $167.90.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 252.87%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the prior year, the company posted $1.62 EPS. The company’s revenue was down 10.4% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Corporation will post $6.54 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.44%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is 54.26%.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares in the company, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,621 shares of company stock worth $3,745,474. Corporate insiders own 0.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC increased its holdings in McDonald’s Corporation by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of McDonald’s Corporation by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares during the last quarter. Highland Private Wealth Management increased its holdings in shares of McDonald’s Corporation by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of McDonald’s Corporation by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in shares of McDonald’s Corporation by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 67.85% of the company’s stock.

McDonald’s Corporation Company Profile

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.

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