Mcdonald’s (NYSE:MCD) Now Covered by MKM Partners

MKM Partners assumed coverage on shares of Mcdonald’s (NYSE:MCD) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $250.00 price objective on the fast-food giant’s stock.

Other research analysts have also issued reports about the company. Wells Fargo & Co increased their target price on Mcdonald’s from $235.00 to $237.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Goldman Sachs Group assumed coverage on Mcdonald’s in a research report on Monday, July 29th. They issued a buy rating and a $250.00 target price on the stock. BMO Capital Markets increased their target price on Mcdonald’s to $230.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Robert W. Baird increased their target price on Mcdonald’s from $225.00 to $230.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Finally, Mizuho increased their target price on Mcdonald’s from $215.00 to $230.00 and gave the stock a buy rating in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mcdonald’s presently has a consensus rating of Buy and an average price target of $220.23.

Shares of MCD opened at $218.47 on Tuesday. The firm has a market capitalization of $165.91 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 3.10 and a beta of 0.49. The stock’s fifty day simple moving average is $213.85 and its 200 day simple moving average is $197.07. Mcdonald’s has a twelve month low of $156.56 and a twelve month high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share 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 analysts’ expectations of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.99 earnings per share. On average, equities research analysts forecast that Mcdonald’s will post 8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.12%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

In other news, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the completion of the sale, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ian Frederick Borden sold 4,149 shares of the firm’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 disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in MCD. Krane Funds Advisors LLC acquired a new position in Mcdonald’s in the second quarter worth about $25,000. Litman Gregory Asset Management LLC acquired a new position in Mcdonald’s in the second quarter worth about $27,000. Atlas Capital Advisors LLC grew its stake in Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Aspire Private Capital LLC acquired a new position in Mcdonald’s in the fourth quarter worth about $32,000. Finally, Westside Investment Management Inc. acquired a new position in Mcdonald’s in the second quarter worth about $34,000. Institutional investors own 68.21% of the company’s stock.

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, 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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