The Telsey Advisory Group Begins Coverage on McDonald’s Corp. (MCD)

The Telsey Advisory Group Begins Coverage on McDonald’s Corp. (MCD)

Telsey Advisory Group initiated coverage on shares of McDonald’s Corp. (NYSE:MCD) in a research note released on Monday morning. The firm issued an outperform rating and a $130.00 price objective on the fast-food giant’s stock.

MCD has been the topic of several other reports. Credit Suisse Group AG reaffirmed an outperform rating and issued a $132.00 price objective on shares of McDonald’s Corp. in a report on Friday, September 16th. Robert W. Baird reaffirmed an outperform rating on shares of McDonald’s Corp. in a report on Thursday, September 8th. Vetr upgraded shares of McDonald’s Corp. from a hold rating to a buy rating and set a $121.01 target price for the company in a research note on Wednesday, September 28th. Zacks Investment Research upgraded shares of McDonald’s Corp. from a hold rating to a buy rating and set a $131.00 target price for the company in a research note on Tuesday, September 27th. Finally, Citigroup Inc. decreased their target price on shares of McDonald’s Corp. from $130.00 to $122.00 and set a neutral rating for the company in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $126.01.

McDonald’s Corp. (NYSE:MCD) opened at 114.71 on Monday. The firm has a 50-day moving average of $115.39 and a 200 day moving average of $121.50. McDonald’s Corp. has a 52-week low of $101.60 and a 52-week high of $131.96. The company has a market capitalization of $97.89 billion, a P/E ratio of 21.90 and a beta of 0.61.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.28%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.

In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. UMB Bank N A MO raised its position in shares of McDonald’s Corp. by 35.2% in the first quarter. UMB Bank N A MO now owns 110,231 shares of the fast-food giant’s stock worth $13,854,000 after buying an additional 28,677 shares during the period. Bridges Investment Management Inc. raised its position in shares of McDonald’s Corp. by 11.2% in the first quarter. Bridges Investment Management Inc. now owns 42,993 shares of the fast-food giant’s stock worth $4,087,000 after buying an additional 4,340 shares during the period. ST Germain D J Co. Inc. raised its position in shares of McDonald’s Corp. by 3.6% in the first quarter. ST Germain D J Co. Inc. now owns 3,597 shares of the fast-food giant’s stock worth $452,000 after buying an additional 125 shares during the period. Legacy Private Trust Co. raised its position in shares of McDonald’s Corp. by 7.1% in the first quarter. Legacy Private Trust Co. now owns 22,082 shares of the fast-food giant’s stock worth $2,775,000 after buying an additional 1,466 shares during the period. Finally, Lodestar Investment Counsel LLC IL raised its position in shares of McDonald’s Corp. by 126.6% in the first quarter. Lodestar Investment Counsel LLC IL now owns 8,233 shares of the fast-food giant’s stock worth $1,035,000 after buying an additional 4,600 shares during the period. 69.10% of the stock is currently owned by institutional investors.

About McDonald’s Corp.

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