Mcdonald’s Corp (NYSE:MCD) – Equities researchers at SunTrust Banks reduced their FY2020 earnings estimates for shares of Mcdonald’s in a research report issued on Tuesday, July 28th. SunTrust Banks analyst J. Bartlett now forecasts that the fast-food giant will earn $6.19 per share for the year, down from their prior estimate of $6.20. SunTrust Banks currently has a “Buy” rating and a $208.00 target price on the stock.
A number of other equities research analysts have also recently issued reports on MCD. Bank of America upped their price objective on shares of Mcdonald’s from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Mcdonald’s from $180.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Stifel Nicolaus upped their price objective on shares of Mcdonald’s from $182.00 to $195.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Royal Bank of Canada upped their price objective on shares of Mcdonald’s from $201.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Mcdonald’s in a report on Wednesday, April 22nd. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Mcdonald’s presently has an average rating of “Buy” and a consensus price target of $210.00.
Shares of NYSE:MCD opened at $194.28 on Friday. The stock has a market capitalization of $145.30 billion, a PE ratio of 30.79, a P/E/G ratio of 4.32 and a beta of 0.65. Mcdonald’s has a 1 year low of $124.23 and a 1 year high of $221.93. The firm has a fifty day moving average price of $188.80 and a 200 day moving average price of $190.03.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.10). The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. Mcdonald’s had a negative return on equity of 53.94% and a net margin of 24.78%. The company’s revenue was down 29.6% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, August 31st. Mcdonald’s’s payout ratio is presently 63.78%.
Large investors have recently bought and sold shares of the stock. PrairieView Partners LLC acquired a new position in Mcdonald’s in the first quarter worth about $33,000. CVA Family Office LLC acquired a new position in Mcdonald’s in the first quarter worth about $33,000. Lake Point Wealth Management raised its position in Mcdonald’s by 2,462.5% in the first quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock worth $34,000 after purchasing an additional 197 shares in the last quarter. Reitz Capital Advisors LLC acquired a new position in Mcdonald’s in the second quarter worth about $42,000. Finally, JJJ Advisors Inc. raised its position in Mcdonald’s by 119.4% in the second quarter. JJJ Advisors Inc. now owns 272 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 148 shares in the last quarter. 67.04% of the stock is owned by hedge funds and other institutional investors.
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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