Brokerages Set Mcdonald’s Corp (MCD) PT at $189.78

Mcdonald’s Corp (NYSE:MCD) has been assigned a consensus recommendation of “Buy” from the thirty-two research firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $191.10.

MCD has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, November 26th. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Jefferies Financial Group upped their target price on shares of Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $185.00 target price on shares of Mcdonald’s in a research report on Monday, September 24th. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a $173.00 target price on shares of Mcdonald’s in a research report on Wednesday, October 24th.

Shares of MCD stock traded up $0.41 on Thursday, hitting $188.51. 6,631,774 shares of the stock traded hands, compared to its average volume of 3,361,321. The stock has a market cap of $145.32 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.76 and a beta of 0.53. Mcdonald’s has a twelve month low of $146.84 and a twelve month high of $190.88.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. Mcdonald’s’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts expect that Mcdonald’s will post 7.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio is presently 60.66%.

In related news, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares in the company, valued at $8,592,697.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Francesca A. Debiase sold 15,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the sale, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The disclosure for this sale can be found here. Insiders have sold 221,041 shares of company stock worth $38,839,407 over the last 90 days. Insiders own 0.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. purchased a new position in Mcdonald’s in the second quarter valued at approximately $104,000. Quad Cities Investment Group LLC purchased a new position in Mcdonald’s in the second quarter valued at approximately $110,000. NuWave Investment Management LLC increased its stake in Mcdonald’s by 2,485.2% in the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 671 shares during the last quarter. Horan Capital Management purchased a new position in Mcdonald’s in the second quarter valued at approximately $121,000. Finally, Truvestments Capital LLC purchased a new position in Mcdonald’s in the third quarter valued at approximately $122,000. Hedge funds and other institutional investors own 66.25% 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, 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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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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