Mcdonald’s (MCD) Lifted to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Mcdonald’s (NYSE:MCD) from an equal weight rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has $210.00 price target on the fast-food giant’s stock, up from their prior price target of $173.00.

MCD has been the topic of a number of other reports. Goldman Sachs Group raised their price objective on shares of Mcdonald’s from $179.00 to $190.00 and gave the company a buy rating in a report on Tuesday, September 11th. Royal Bank of Canada set a $190.00 price objective on shares of Mcdonald’s and gave the company a buy rating in a report on Wednesday, October 24th. Gordon Haskett began coverage on shares of Mcdonald’s in a report on Thursday, October 18th. They issued a buy rating and a $185.00 price objective on the stock. SunTrust Banks raised their price objective on shares of Mcdonald’s to $200.00 and gave the company a buy rating in a report on Wednesday, October 24th. Finally, UBS Group lifted their price target on shares of Mcdonald’s from $170.00 to $185.00 and gave the stock a neutral rating in a research note on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $191.58.

Shares of MCD opened at $188.51 on Thursday. Mcdonald’s has a twelve month low of $146.84 and a twelve month high of $190.88. The firm has a market capitalization of $145.32 billion, a PE ratio of 28.30, a PEG ratio of 2.76 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share 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 business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the business earned $1.76 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Sell-side analysts anticipate that Mcdonald’s will post 7.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is an increase from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Francesca A. Debiase sold 15,136 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly 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 a total of 221,041 shares of company stock worth $38,839,407 over the last three months. 0.22% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Great Lakes Advisors LLC grew its position in Mcdonald’s by 13.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 58,251 shares of the fast-food giant’s stock worth $9,745,000 after purchasing an additional 6,957 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Mcdonald’s by 67.3% in the third quarter. Belpointe Asset Management LLC now owns 5,254 shares of the fast-food giant’s stock valued at $879,000 after acquiring an additional 2,113 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Mcdonald’s by 1.0% in the third quarter. Legal & General Group Plc now owns 3,763,644 shares of the fast-food giant’s stock valued at $629,631,000 after acquiring an additional 37,786 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Mcdonald’s in the third quarter valued at about $239,000. Finally, Paradigm Asset Management Co. LLC boosted its holdings in shares of Mcdonald’s by 77.8% in the third quarter. Paradigm Asset Management Co. LLC now owns 28,340 shares of the fast-food giant’s stock valued at $4,741,000 after acquiring an additional 12,400 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

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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