Credit Suisse Group AG Reaffirms Outperform Rating for McDonald’s Corp. (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group AG in a report released on Tuesday. They presently have a $128.00 price objective on the fast-food giant’s stock. Credit Suisse Group AG’s target price would indicate a potential upside of 6.07% from the stock’s current price.
MCD has been the subject of several other reports. RBC Capital Markets set a $140.00 price target on shares of McDonald’s Corp. and gave the stock a “buy” rating in a research note on Thursday, November 17th. Zacks Investment Research raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Tuesday, November 15th. Robert W. Baird reissued an “outperform” rating on shares of McDonald’s Corp. in a research note on Thursday, September 8th. Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 price objective on the stock in a research report on Wednesday, September 28th. Finally, Wells Fargo & Co. restated a “market perform” rating on shares of McDonald’s Corp. in a research report on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $126.36.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.17% during mid-day trading on Tuesday, reaching $120.68. The company’s stock had a trading volume of 6,370,935 shares. The firm has a market cap of $100.22 billion, a price-to-earnings ratio of 22.67 and a beta of 0.63. The company’s 50-day moving average is $114.91 and its 200 day moving average is $118.44. McDonald’s Corp. has a 12 month low of $110.33 and a 12 month high of $131.96.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The company earned $6.42 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Corp. will post $5.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 annualized dividend and a yield of 3.12%. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is 67.30%.
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In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the sale, the chairman now owns 72,514 shares in the company, valued at approximately $8,228,888.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $118.08, for a total transaction of $979,827.84. Following the completion of the sale, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $1,741,680. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MCD. Cutler Investment Counsel LLC raised its stake in McDonald’s Corp. by 0.8% in the third quarter. Cutler Investment Counsel LLC now owns 66,605 shares of the fast-food giant’s stock valued at $7,684,000 after buying an additional 543 shares during the period. Ashburton Jersey Ltd purchased a new stake in McDonald’s Corp. during the third quarter valued at about $780,000. HighPoint Advisor Group LLC raised its stake in McDonald’s Corp. by 19.6% in the third quarter. HighPoint Advisor Group LLC now owns 39,160 shares of the fast-food giant’s stock valued at $4,678,000 after buying an additional 6,420 shares during the period. ETRADE Capital Management LLC raised its stake in McDonald’s Corp. by 36.0% in the third quarter. ETRADE Capital Management LLC now owns 28,730 shares of the fast-food giant’s stock valued at $3,314,000 after buying an additional 7,604 shares during the period. Finally, Whalerock Point Partners LLC purchased a new stake in McDonald’s Corp. during the third quarter valued at about $3,902,000. Hedge funds and other institutional investors own 66.58% of the company’s stock.
McDonald’s Corp. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
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