Mcdonald’s (NYSE:MCD) Price Target Raised to $237.00 at Wells Fargo & Co

Mcdonald’s (NYSE:MCD) had its price target increased by Wells Fargo & Co from $235.00 to $237.00 in a report released on Monday, BenzingaRatingsTable reports. They currently have an outperform rating on the fast-food giant’s stock.

Several other equities analysts have also recently issued reports on the stock. Mizuho boosted their price objective on shares of Mcdonald’s from $204.00 to $215.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Goldman Sachs Group initiated coverage on shares of Mcdonald’s in a research note on Monday. They issued a buy rating and a $250.00 price objective on the stock. BTIG Research boosted their price objective on shares of Mcdonald’s to $220.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Cleveland Research reissued a hold rating on shares of Mcdonald’s in a research note on Friday, July 12th. Finally, Stephens boosted their target price on shares of Mcdonald’s from $220.00 to $230.00 and gave the stock an overweight rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Mcdonald’s presently has a consensus rating of Buy and an average target price of $219.23.

MCD traded down $0.18 during trading on Monday, hitting $211.07. The stock had a trading volume of 11,105 shares, compared to its average volume of 2,445,819. The company has a market capitalization of $162.13 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.04 and a beta of 0.51. The business has a 50-day moving average of $210.11. Mcdonald’s has a twelve month low of $153.13 and a twelve month high of $218.96.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.99%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. Sell-side analysts forecast that Mcdonald’s will post 8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.20%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

In related news, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Litman Gregory Asset Management LLC purchased a new stake in shares of Mcdonald’s in the 2nd quarter worth about $27,000. Atlas Capital Advisors LLC boosted its position in shares of Mcdonald’s by 330.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after buying an additional 109 shares in the last quarter. Aspire Private Capital LLC purchased a new stake in shares of Mcdonald’s in the 4th quarter worth about $32,000. Westside Investment Management Inc. purchased a new stake in shares of Mcdonald’s in the 2nd quarter worth about $34,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Mcdonald’s in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 67.99% of the company’s stock.

About Mcdonald’s

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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