Mcdonald’s (MCD) Price Target Increased to $189.00 by Analysts at Citigroup

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Mcdonald’s (NYSE:MCD) had its target price upped by Citigroup from $171.00 to $189.00 in a research report sent to investors on Tuesday morning. They currently have a neutral rating on the fast-food giant’s stock.

Several other brokerages have also commented on MCD. SunTrust Banks boosted their price target on shares of Mcdonald’s to $200.00 and gave the stock a buy rating in a report on Wednesday, October 24th. KeyCorp set a $195.00 price target on shares of Mcdonald’s and gave the stock a buy rating in a report on Wednesday, October 24th. Telsey Advisory Group boosted their price target on shares of Mcdonald’s from $175.00 to $195.00 and gave the stock an outperform rating in a report on Wednesday, October 24th. Morgan Stanley reissued a neutral rating and issued a $173.00 price target on shares of Mcdonald’s in a report on Wednesday, October 24th. Finally, Royal Bank of Canada set a $190.00 price target on shares of Mcdonald’s and gave the stock a buy rating in a report on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $188.93.

MCD opened at $178.49 on Tuesday. Mcdonald’s has a 1 year low of $146.84 and a 1 year high of $178.70. The firm has a market capitalization of $134.48 billion, a P/E ratio of 26.80, a PEG ratio of 2.54 and a beta of 0.66.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 130.19%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Research analysts anticipate that Mcdonald’s will post 7.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.60%. Mcdonald’s’s dividend payout ratio is presently 60.66%.

In other news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold 221,041 shares of company stock valued at $38,839,407 in the last ninety days. Insiders own 0.22% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Fundsmith Equity Fund L.P. acquired a new position in shares of Mcdonald’s during the 2nd quarter valued at about $1,191,239,000. AustralianSuper Pty Ltd acquired a new position in shares of Mcdonald’s during the 2nd quarter valued at about $179,723,000. FMR LLC boosted its position in shares of Mcdonald’s by 5.5% during the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after acquiring an additional 1,014,792 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Mcdonald’s by 30.3% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after acquiring an additional 652,752 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Mcdonald’s by 9.6% during the 2nd quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after acquiring an additional 522,333 shares during the last quarter. 66.92% of the stock is owned by institutional investors and hedge funds.

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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