Mcdonald’s (MCD) Given a $190.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $190.00 price objective on Mcdonald’s (NYSE:MCD) in a research report released on Wednesday morning. The firm currently has a buy rating on the fast-food giant’s stock.

A number of other research firms have also weighed in on MCD. Nomura upgraded Mcdonald’s from a neutral rating to a buy rating and set a $191.00 price objective for the company in a research note on Thursday, June 7th. Citigroup lifted their price objective on Mcdonald’s from $176.00 to $178.00 and gave the company a neutral rating in a research note on Thursday, June 14th. Goldman Sachs Group lifted their price objective on Mcdonald’s from $179.00 to $190.00 and gave the company a buy rating in a research note on Tuesday, September 11th. Wells Fargo & Co reiterated a buy rating and set a $185.00 price objective on shares of Mcdonald’s in a research note on Monday. Finally, Barclays reiterated a buy rating and set a $194.00 price objective on shares of Mcdonald’s in a research note on Monday, August 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $182.03.

Shares of NYSE MCD traded up $0.53 during trading on Wednesday, reaching $166.29. 34,105 shares of the company traded hands, compared to its average volume of 3,586,737. The firm has a market capitalization of $129.10 billion, a P/E ratio of 24.93, a PEG ratio of 2.48 and a beta of 0.66. Mcdonald’s has a 12-month low of $146.84 and a 12-month high of $178.70. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The company’s revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. analysts forecast that Mcdonald’s will post 7.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 30th. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.79%. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

Several large investors have recently bought and sold shares of the company. Aperio Group LLC raised its stake in shares of Mcdonald’s by 0.6% in the 1st quarter. Aperio Group LLC now owns 565,689 shares of the fast-food giant’s stock valued at $88,462,000 after buying an additional 3,452 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Mcdonald’s by 301.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 141,510 shares of the fast-food giant’s stock valued at $22,129,000 after buying an additional 106,246 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Mcdonald’s by 359.4% in the 1st quarter. First Mercantile Trust Co. now owns 16,722 shares of the fast-food giant’s stock valued at $2,615,000 after buying an additional 13,082 shares in the last quarter. Boulegeris Investments Inc. raised its stake in shares of Mcdonald’s by 36.4% in the 1st quarter. Boulegeris Investments Inc. now owns 5,828 shares of the fast-food giant’s stock valued at $911,000 after buying an additional 1,555 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Mcdonald’s by 11.7% in the 1st quarter. Neuberger Berman Group LLC now owns 1,571,156 shares of the fast-food giant’s stock valued at $245,749,000 after buying an additional 164,098 shares in the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.

About Mcdonald’s

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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