Mcdonald’s (NYSE:MCD) had its target price decreased by Imperial Capital from $190.00 to $175.00 in a report issued on Friday, July 27th. Imperial Capital currently has an outperform rating on the fast-food giant’s stock.
Other analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a buy rating and set a $200.00 price target on shares of Mcdonald’s in a research report on Wednesday, July 11th. Cleveland Research downgraded shares of Mcdonald’s from a buy rating to a hold rating in a research report on Wednesday, July 11th. Royal Bank of Canada set a $175.00 price target on shares of Mcdonald’s and gave the company a buy rating in a research report on Thursday, July 26th. Stifel Nicolaus upped their price target on shares of Mcdonald’s from $165.00 to $168.00 and gave the company a hold rating in a research report on Tuesday, May 1st. Finally, Telsey Advisory Group reduced their price target on shares of Mcdonald’s from $190.00 to $175.00 and set an outperform rating for the company in a research report on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $182.18.
MCD traded down $0.62 during trading on Friday, reaching $158.68. The company’s stock had a trading volume of 3,343,157 shares, compared to its average volume of 3,725,951. Mcdonald’s has a 52-week low of $146.84 and a 52-week high of $178.70. The firm has a market capitalization of $123.59 billion, a PE ratio of 23.83, a P/E/G ratio of 2.36 and a beta of 0.67. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of -5.24.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the firm posted $1.73 EPS. Mcdonald’s’s revenue was down 11.5% on a year-over-year basis. sell-side analysts predict that Mcdonald’s will post 7.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be given a $1.01 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $4.04 annualized dividend and a yield of 2.55%. Mcdonald’s’s payout ratio is currently 60.66%.
Several institutional investors have recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd acquired a new stake in Mcdonald’s in the 2nd quarter worth $179,723,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of Mcdonald’s by 103.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock valued at $319,509,000 after acquiring an additional 1,040,636 shares in the last quarter. FMR LLC boosted its position in shares of Mcdonald’s by 5.5% during the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after acquiring an additional 1,014,792 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Mcdonald’s by 243.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,006,737 shares of the fast-food giant’s stock valued at $173,280,000 after acquiring an additional 713,437 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Mcdonald’s by 44.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,920,853 shares of the fast-food giant’s stock valued at $330,616,000 after acquiring an additional 594,665 shares in the last quarter. 67.40% of the stock is currently owned by institutional investors.
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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