Shares of McDonald’s Co. (NYSE:MCD – Get Rating) have been assigned a consensus rating of “Buy” from the thirty-two research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $280.37.
A number of equities analysts have issued reports on the company. Barclays increased their target price on McDonald’s from $300.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, January 28th. KeyCorp increased their target price on McDonald’s from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, January 26th. The Goldman Sachs Group increased their target price on McDonald’s from $284.00 to $287.00 in a report on Wednesday, January 19th. Morgan Stanley increased their price objective on shares of McDonald’s from $275.00 to $294.00 and gave the stock an “overweight” rating in a research note on Friday, January 14th. Finally, Wedbush restated an “outperform” rating on shares of McDonald’s in a research note on Friday, January 28th.
MCD opened at $226.87 on Friday. McDonald’s has a 12 month low of $211.42 and a 12 month high of $271.15. The company has a fifty day simple moving average of $252.01 and a 200 day simple moving average of $250.20. The stock has a market cap of $168.70 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.38 and a beta of 0.61.
McDonald’s (NYSE:MCD – Get Rating) last released its earnings results on Thursday, January 27th. The fast-food giant reported $2.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.31 by ($0.08). The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.03 billion. McDonald’s had a negative return on equity of 119.62% and a net margin of 32.49%. McDonald’s’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. On average, research analysts predict that McDonald’s will post 10.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, February 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio is presently 54.98%.
In other news, Director Catherine M. Engelbert acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were acquired at an average cost of $244.18 per share, with a total value of $244,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in McDonald’s by 4.5% in the fourth quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock valued at $14,185,930,000 after acquiring an additional 2,294,758 shares during the last quarter. State Street Corp increased its stake in McDonald’s by 2.9% in the fourth quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock valued at $9,911,455,000 after acquiring an additional 1,033,751 shares during the last quarter. Geode Capital Management LLC increased its stake in McDonald’s by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,846,007 shares of the fast-food giant’s stock valued at $3,435,310,000 after acquiring an additional 257,679 shares during the last quarter. Morgan Stanley grew its stake in shares of McDonald’s by 4.1% during the third quarter. Morgan Stanley now owns 8,719,844 shares of the fast-food giant’s stock worth $2,102,443,000 after buying an additional 343,349 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of McDonald’s during the fourth quarter worth $2,060,325,000. 67.23% of the stock is currently owned by institutional investors and hedge funds.
McDonald’s Company Profile (Get Rating)
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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