Morgan Stanley Raises Mcdonald’s (NYSE:MCD) Price Target to $220.00

Mcdonald’s (NYSE:MCD) had its target price upped by Morgan Stanley from $210.00 to $220.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the fast-food giant’s stock.

A number of other research firms also recently commented on MCD. Telsey Advisory Group started coverage on Grocery Outlet in a research report on Monday, July 15th. They issued an outperform rating and a $40.00 target price on the stock. Cleveland Research reiterated a hold rating on shares of Mcdonald’s in a research report on Friday, July 12th. SunTrust Banks boosted their target price on Mcdonald’s to $230.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. UBS Group set a $210.00 target price on Alibaba Group and gave the stock a buy rating in a research report on Tuesday, June 11th. Finally, Stifel Nicolaus set a $23.00 target price on Finisar and gave the stock a hold rating in a research report on Friday, June 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $211.69.

NYSE MCD opened at $213.87 on Thursday. The company has a market capitalization of $163.30 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. The stock has a 50-day simple moving average of $206.93. Mcdonald’s has a twelve month low of $153.13 and a twelve month high of $216.26.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. On average, research analysts forecast that Mcdonald’s will post 8.01 earnings per share 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.17%. Mcdonald’s’s dividend payout ratio is 58.73%.

In other news, EVP Jerome N. Krulewitch sold 20,641 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $196.40, for a total transaction of $4,053,892.40. Following the transaction, the executive vice president now owns 20,641 shares of the company’s stock, valued at $4,053,892.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was 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. In the last ninety days, insiders have sold 104,449 shares of company stock worth $20,458,931. Insiders own 0.25% of the company’s stock.

A number of large investors have recently made changes to their positions in MCD. Norges Bank bought a new position in Mcdonald’s in the fourth quarter worth approximately $1,326,793,000. Thoroughbred Financial Services LLC grew its stake in Mcdonald’s by 21,724.4% in the second quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock worth $315,166,000 after purchasing an additional 3,137,219 shares in the last quarter. FMR LLC grew its stake in Mcdonald’s by 15.3% in the fourth quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after purchasing an additional 2,831,716 shares in the last quarter. Ronna Sue Cohen grew its stake in Mcdonald’s by 18,528.9% in the first quarter. Ronna Sue Cohen now owns 2,408,909 shares of the fast-food giant’s stock worth $2,409,000 after purchasing an additional 2,395,978 shares in the last quarter. Finally, American International Group Inc. grew its stake in Mcdonald’s by 719.4% in the fourth quarter. American International Group Inc. now owns 2,683,386 shares of the fast-food giant’s stock worth $476,489,000 after purchasing an additional 2,355,895 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.

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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