Mcdonald’s (NYSE:MCD) had its price objective hoisted by UBS Group from $185.00 to $203.00 in a report released on Tuesday morning, The Fly reports. The brokerage currently has a neutral rating on the fast-food giant’s stock.
Other equities research analysts also recently issued reports about the stock. Stephens raised shares of Mcdonald’s from an equal weight rating to an overweight rating and upped their price target for the company from $180.00 to $200.00 in a report on Tuesday, February 19th. Wells Fargo & Co upped their price target on shares of Mcdonald’s from $203.00 to $218.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Mizuho upped their price target on shares of Mcdonald’s from $204.00 to $215.00 and gave the company a buy rating in a report on Wednesday, May 1st. Barclays upped their price target on shares of Mcdonald’s from $208.00 to $220.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Mcdonald’s from a sell rating to a hold rating in a report on Monday, April 15th. Seven 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 a consensus rating of Buy and an average price target of $203.67.
MCD stock opened at $203.26 on Tuesday. The stock has a market capitalization of $156.90 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.88 and a beta of 0.50. Mcdonald’s has a fifty-two week low of $153.13 and a fifty-two week high of $206.39.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.01). The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 EPS. Analysts forecast that Mcdonald’s will post 8.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, May 31st. Mcdonald’s’s dividend payout ratio is presently 58.73%.
In other news, CFO Kevin M. Ozan sold 40,930 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the transaction, the chief financial officer now owns 42,647 shares in the company, valued at approximately $8,354,547.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders have sold 104,449 shares of company stock valued at $20,458,931 over the last ninety days. Insiders own 0.25% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Ruggie Capital Group grew its holdings in Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 151 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new position in Mcdonald’s during the first quarter valued at approximately $29,000. Gantzert Investment Co. LLC ADV acquired a new position in Mcdonald’s during the fourth quarter valued at approximately $31,000. Aspire Private Capital LLC acquired a new position in Mcdonald’s during the fourth quarter valued at approximately $32,000. Finally, Focused Wealth Management Inc grew its holdings in Mcdonald’s by 4,500.0% during the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.
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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