Jefferies Group LLC reaffirmed their hold rating on shares of McDonald’s Corporation (NYSE:MCD) in a research note issued to investors on Thursday. Jefferies Group also issued estimates for McDonald’s Corporation’s Q3 2017 earnings at $1.67 EPS, FY2017 earnings at $6.41 EPS, Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.69 EPS and FY2018 earnings at $6.67 EPS.
Several other equities research analysts have also commented on MCD. Credit Suisse Group reissued an outperform rating and set a $137.00 price objective on shares of McDonald’s Corporation in a research note on Monday, April 3rd. Cleveland Research raised shares of McDonald’s Corporation from a neutral rating to a buy rating in a research note on Tuesday, April 11th. Wells Fargo & Company raised shares of McDonald’s Corporation from a market perform rating to an outperform rating and dropped their price objective for the stock from $131.70 to $130.76 in a research note on Monday, April 17th. They noted that the move was a valuation call. Sanford C. Bernstein raised shares of McDonald’s Corporation from a market perform rating to an outperform rating and boosted their price objective for the stock from $129.00 to $160.00 in a research note on Tuesday, April 18th. Finally, Vetr raised shares of McDonald’s Corporation from a sell rating to a buy rating and set a $145.38 price objective on the stock in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have given a buy rating to the company. McDonald’s Corporation presently has an average rating of Buy and a consensus price target of $161.74.
McDonald’s Corporation (MCD) traded down 0.70% during midday trading on Thursday, hitting $155.85. 3,964,456 shares of the company were exchanged. The firm has a market capitalization of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The stock has a 50 day moving average of $153.88 and a 200 day moving average of $138.34.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corporation will post $6.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s Corporation’s payout ratio is currently 61.54%.
In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,363 shares of company stock valued at $8,615,125. Company insiders own 0.24% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Zions Bancorporation raised its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the last quarter. Diversified Trust Co raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares in the last quarter. Catawba Capital Management VA raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock worth $382,000 after buying an additional 9 shares in the last quarter. Finally, Van Cleef Asset Management Inc raised its position in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 67.66% of the company’s stock.
McDonald’s Corporation Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.
Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
