Published On: Wed, Sep 14th, 2016

McDonald’s Corp. (MCD) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of McDonald’s Corp. (NYSE: MCD) recently:

9/13/2016 – McDonald’s Corp. had its price target lowered by analysts at Citigroup Inc. from $130.00 to $122.00. They now have a “neutral” rating on the stock.
9/12/2016 – McDonald’s Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $121.01 price target on the stock.
9/8/2016 – McDonald’s Corp. had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
9/5/2016 – McDonald’s Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $121.01 price target on the stock.
8/30/2016 – McDonald’s Corp. was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $128.00 price target on the stock, up previously from $126.00.
8/22/2016 – McDonald’s Corp. is now covered by analysts at Canaccord Genuity. They set a “hold” rating and a $122.00 price target on the stock.
8/15/2016 – McDonald’s Corp. was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $87.50 price target on the stock, down previously from $131.96.
8/15/2016 – McDonald’s Corp. was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $119.37 price target on the stock.
8/10/2016 – McDonald’s Corp. had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
8/8/2016 – McDonald’s Corp. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $132.93 price target on the stock.
8/5/2016 – McDonald’s Corp. was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating.
8/5/2016 – McDonald’s Corp. had its “buy” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $140.00 price target on the stock.
8/5/2016 – McDonald’s Corp. had its “hold” rating reaffirmed by analysts at Jefferies Group.
8/1/2016 – McDonald’s Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $132.93 price target on the stock.
7/28/2016 – McDonald’s Corp. had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $138.00 price target on the stock.
7/28/2016 – McDonald’s Corp. had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $140.00 price target on the stock.
7/28/2016 – McDonald’s Corp. had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $118.00 price target on the stock.
7/27/2016 – McDonald’s Corp. had its price target raised by analysts at Credit Suisse Group AG from $130.00 to $132.00. They now have an “outperform” rating on the stock.
7/27/2016 – McDonald’s Corp. had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $140.00 price target on the stock.
7/27/2016 – McDonald’s Corp. had its “hold” rating reaffirmed by analysts at Jefferies Group.
7/27/2016 – McDonald’s Corp. had its price target lowered by analysts at Deutsche Bank AG from $140.00 to $135.00. They now have a “buy” rating on the stock.
7/27/2016 – McDonald’s Corp. was given a new $138.00 price target on by analysts at SunTrust Banks Inc.. They now have a “buy” rating on the stock.
7/27/2016 – McDonald’s Corp. was given a new $112.00 price target on by analysts at Goldman Sachs Group Inc.. They now have a “neutral” rating on the stock.
7/26/2016 – McDonald’s Corp. was given a new $115.00 price target on by analysts at Jefferies Group. They now have a “neutral” rating on the stock.
7/26/2016 – McDonald’s Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $128.73 price target on the stock.
7/22/2016 – McDonald’s Corp. had its “buy” rating reaffirmed by analysts at RBC Capital Markets. They now have a $140.00 price target on the stock.
7/21/2016 – McDonald’s Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “McDonald’s has turned itself around in the domestic market driven mainly by its all-day Breakfast platform, which has been a success. Further, global comps at McDonald’s have been rising over the past couple of quarters. The company enjoys moderate growth prospects through its exposure in the under-penetrated international markets. Meanwhile, the company is trying to strengthen its position through various sales initiatives like menu innovation, promotional offers and marketing strategies. Backed by these efforts, it has posted positive comps during the past couple of quarters. However, higher labor costs, currency headwinds, intense competition and decelerating growth in Asia remain headwinds. Estimates too have been going mostly down ahead of McDonald’s second-quarter 2016 earnings release. However, the company’s positive record of earnings surprises in recent quarters raises optimism.”
7/20/2016 – McDonald’s Corp. was given a new $129.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
7/20/2016 – McDonald’s Corp. had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..
7/18/2016 – McDonald’s Corp. had its “hold” rating reaffirmed by analysts at Cowen and Company.

Shares of McDonald’s Corp. (NYSE:MCD) opened at 114.73 on Wednesday. The stock has a market capitalization of $97.91 billion, a PE ratio of 21.91 and a beta of 0.59. McDonald’s Corp. has a 52 week low of $95.78 and a 52 week high of $131.96. The stock’s 50 day moving average is $117.07 and its 200 day moving average is $122.37.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Analysts anticipate that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, August 30th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the transaction, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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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