Mcdonald’s Corp (NYSE:MCD) Receives $223.50 Average PT from Brokerages

Shares of Mcdonald’s Corp (NYSE:MCD) have earned an average rating of “Buy” from the thirty-one brokerages that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $223.50.

MCD has been the topic of several research reports. TheStreet raised shares of Mcdonald’s from a “c+” rating to a “b-” rating in a research report on Monday, August 26th. Telsey Advisory Group cut their price objective on shares of Mcdonald’s from $230.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Mcdonald’s from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Co cut their price target on shares of Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, DZ Bank reissued a “hold” rating and set a $220.00 price target (down from $222.00) on shares of Mcdonald’s in a research report on Tuesday, July 30th.

In other news, Chairman Enrique Hernandez, Jr. acquired 2,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $193.83 per share, for a total transaction of $484,575.00. Following the purchase, the chairman now directly owns 4,500 shares of the company’s stock, valued at $872,235. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Mulligan acquired 1,300 shares of the stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $193.46 per share, for a total transaction of $251,498.00. Following the completion of the purchase, the director now directly owns 2,900 shares in the company, valued at $561,034. The disclosure for this purchase can be found here. Insiders have bought a total of 6,380 shares of company stock worth $1,236,103 over the last 90 days. 0.25% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in Mcdonald’s in the 2nd quarter valued at about $25,000. Litman Gregory Asset Management LLC acquired a new position in Mcdonald’s in the 2nd quarter valued at about $27,000. Atlas Capital Advisors LLC grew its stake in Mcdonald’s by 330.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in Mcdonald’s in the 3rd quarter valued at about $30,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in Mcdonald’s in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 68.51% of the company’s stock.

MCD traded down $0.03 during trading on Thursday, hitting $193.97. The company had a trading volume of 2,411,265 shares, compared to its average volume of 5,912,319. The company has a market capitalization of $146.10 billion, a PE ratio of 24.55, a PEG ratio of 3.09 and a beta of 0.48. Mcdonald’s has a one year low of $169.04 and a one year high of $221.93. The firm’s 50-day moving average price is $202.66 and its 200 day moving average price is $207.22.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.10). The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 earnings per share. Equities research analysts predict that Mcdonald’s will post 7.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 annualized dividend and a dividend yield of 2.58%. Mcdonald’s’s payout ratio is currently 58.73%.

Mcdonald’s Company Profile

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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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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