McDonald’s Co. (NYSE:MCD) Given Consensus Recommendation of “Moderate Buy” by Analysts

McDonald’s Co. (NYSE:MCDGet Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-eight analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $320.10.

MCD has been the subject of a number of analyst reports. TD Cowen upped their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. Deutsche Bank Aktiengesellschaft initiated coverage on McDonald’s in a research report on Thursday, October 19th. They issued a “buy” rating and a $287.00 target price on the stock. KeyCorp dropped their target price on McDonald’s from $330.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. JPMorgan Chase & Co. increased their target price on McDonald’s from $270.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Tuesday, February 6th.

Get Our Latest Stock Report on MCD

McDonald’s Stock Performance

MCD opened at $289.47 on Friday. The firm has a 50 day moving average price of $292.33 and a 200 day moving average price of $280.13. The company has a market cap of $209.96 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.15 and a beta of 0.73. McDonald’s has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 EPS. On average, sell-side analysts predict that McDonald’s will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total value of $1,332,278.10. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 4,583 shares of McDonald’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $281.25, for a total value of $1,261,968.75. Following the sale, the insider now directly owns 8,908 shares in the company, valued at approximately $2,505,375. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Institutional Trading of McDonald’s

Several institutional investors have recently bought and sold shares of MCD. Vanguard Group Inc. raised its position in McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the last quarter. State Street Corp raised its position in shares of McDonald’s by 1.4% during the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock worth $10,169,018,000 after acquiring an additional 485,066 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after acquiring an additional 19,217,818 shares during the last quarter. Geode Capital Management LLC increased its holdings in McDonald’s by 2.3% in the second quarter. Geode Capital Management LLC now owns 14,227,048 shares of the fast-food giant’s stock valued at $4,235,380,000 after purchasing an additional 317,922 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

About McDonald’s

(Get Free Report

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

Further Reading

Analyst Recommendations for McDonald's (NYSE:MCD)

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