Mcdonald’s (NYSE:MCD) Receives Hold Rating from DZ Bank

DZ Bank reaffirmed their hold rating on shares of Mcdonald’s (NYSE:MCD) in a research report released on Tuesday morning, The Fly reports. They currently have a $220.00 price target on the fast-food giant’s stock, down from their previous price target of $222.00.

Other equities research analysts have also recently issued research reports about the company. Cowen boosted their price objective on Mcdonald’s from $225.00 to $235.00 and gave the stock an outperform rating in a report on Thursday, July 18th. Wells Fargo & Co boosted their price target on Mcdonald’s from $235.00 to $237.00 and gave the company an outperform rating in a research note on Monday, July 29th. SunTrust Banks boosted their price target on Mcdonald’s to $230.00 and gave the company a buy rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price target on Mcdonald’s from $195.00 to $215.00 and gave the company an overweight rating in a research note on Friday, June 28th. Finally, Credit Suisse Group began coverage on Mcdonald’s in a research note on Tuesday, June 25th. They issued an outperform rating and a $230.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $219.23.

Shares of NYSE:MCD opened at $214.48 on Tuesday. Mcdonald’s has a 12-month low of $154.29 and a 12-month high of $218.96. The company has a market capitalization of $160.90 billion, a PE ratio of 27.15, a PEG ratio of 3.02 and a beta of 0.49. The stock’s 50 day moving average price is $210.28.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 30th. Mcdonald’s’s payout ratio is presently 58.73%.

In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCD. Gabelli Funds LLC increased its holdings in shares of Mcdonald’s by 106.4% during the second quarter. Gabelli Funds LLC now owns 142,800 shares of the fast-food giant’s stock worth $29,654,000 after buying an additional 73,600 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Mcdonald’s by 56.1% during the second quarter. Gamco Investors INC. ET AL now owns 14,701 shares of the fast-food giant’s stock worth $3,053,000 after buying an additional 5,286 shares in the last quarter. F3Logic LLC increased its holdings in shares of Mcdonald’s by 5.6% during the second quarter. F3Logic LLC now owns 14,133 shares of the fast-food giant’s stock worth $2,919,000 after buying an additional 753 shares in the last quarter. Capital City Trust Co. FL increased its holdings in shares of Mcdonald’s by 2.6% during the second quarter. Capital City Trust Co. FL now owns 16,956 shares of the fast-food giant’s stock worth $3,521,000 after buying an additional 430 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Mcdonald’s by 9.1% during the second quarter. Jones Financial Companies Lllp now owns 43,069 shares of the fast-food giant’s stock worth $8,944,000 after buying an additional 3,601 shares in the last quarter. Hedge funds and other institutional investors 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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The Fly

Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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