The McDonald’s Corp. (MCD) Coverage Initiated by Analysts at Telsey Advisory Group

The McDonald’s Corp. (MCD) Coverage Initiated by Analysts at Telsey Advisory Group

Investment analysts at Telsey Advisory Group started coverage on shares of McDonald’s Corp. (NYSE:MCD) in a note issued to investors on Monday. The brokerage set an “outperform” rating and a $130.00 price target on the fast-food giant’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 14.59% from the stock’s current price.

Other research analysts also recently issued reports about the stock. SunTrust Banks Inc. set a $138.00 price target on shares of McDonald’s Corp. and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Vetr downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price target on the stock. in a research report on Thursday, July 14th. Nomura reiterated a “hold” rating on shares of McDonald’s Corp. in a research report on Tuesday, July 12th. Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a research report on Wednesday, July 27th. Finally, Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $126.01.

McDonald’s Corp. (NYSE:MCD) opened at 113.45 on Monday. The stock has a market capitalization of $96.81 billion, a price-to-earnings ratio of 21.66 and a beta of 0.61. The company has a 50-day moving average of $115.46 and a 200 day moving average of $121.70. McDonald’s Corp. has a 12 month low of $101.60 and a 12 month high of $131.96.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts anticipate that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.94 per share. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.31%. McDonald’s Corp.’s dividend payout ratio is presently 68.59%.

In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’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 transaction, the chairman now owns 108,841 shares in the company, valued at approximately $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glassman Wealth Services raised its position in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock worth $112,000 after buying an additional 200 shares during the last quarter. Invictus RG raised its position in shares of McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock worth $115,000 after buying an additional 721 shares during the last quarter. RPg Family Wealth Advisory LLC raised its position in shares of McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock worth $123,000 after buying an additional 830 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock worth $128,000 after buying an additional 690 shares during the last quarter. Finally, MU Investments Co. Ltd. bought a new position in shares of McDonald’s Corp. during the second quarter worth about $163,000. Institutional investors and hedge funds own 69.10% of the company’s stock.

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