Instinet reiterated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report released on Friday, July 21st. They currently have a $172.00 target price on the fast-food giant’s stock, up from their prior target price of $161.00.
MCD has been the subject of several other research reports. BTIG Research upped their target price on McDonald’s Corporation from $137.00 to $156.00 and gave the stock a buy rating in a research report on Wednesday, April 26th. Wells Fargo & Company raised McDonald’s Corporation from a market perform rating to an outperform rating and reduced their price target for the company from $131.70 to $130.76 in a report on Monday, April 17th. They noted that the move was a valuation call. Deutsche Bank AG reissued a buy rating and issued a $155.00 price target on shares of McDonald’s Corporation in a report on Wednesday, April 26th. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the company a neutral rating in a research note on Wednesday, April 26th. Finally, Morgan Stanley set a $150.00 price objective on McDonald’s Corporation and gave the company a neutral rating in a research note on Wednesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $162.16.
McDonald’s Corporation (NYSE:MCD) opened at 154.92 on Friday. The firm has a 50-day moving average of $154.69 and a 200-day moving average of $140.24. The company has a market capitalization of $126.27 billion, a P/E ratio of 25.36 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98.
McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is currently 61.54%.
In related news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 54,363 shares of company stock valued at $8,615,125 in the last three months. 0.24% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Orrstown Financial Services Inc. boosted its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC boosted its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares in the last quarter. Zions Bancorporation boosted its position in shares of 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 in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $131,000. Institutional investors and hedge funds own 67.52% 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.
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