SunTrust Banks Raises Mcdonald’s (MCD) Price Target to $200.00

Mcdonald’s (NYSE:MCD) had its price objective upped by SunTrust Banks to $200.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has a buy rating on the fast-food giant’s stock. SunTrust Banks also issued estimates for Mcdonald’s’ Q3 2018 earnings at $1.96 EPS, Q4 2018 earnings at $1.88 EPS, Q4 2018 earnings at $1.90 EPS, FY2018 earnings at $7.78 EPS, FY2018 earnings at $7.62 EPS, Q1 2019 earnings at $1.80 EPS, Q2 2019 earnings at $2.09 EPS, Q3 2019 earnings at $2.26 EPS, Q4 2019 earnings at $2.05 EPS, FY2019 earnings at $8.20 EPS and FY2019 earnings at $8.03 EPS.

MCD has been the topic of several other reports. Goldman Sachs Group increased their price target on shares of Mcdonald’s from $179.00 to $190.00 and gave the company a buy rating in a research note on Tuesday, September 11th. Gordon Haskett assumed coverage on shares of Mcdonald’s in a research note on Thursday, October 18th. They set a buy rating and a $185.00 price target on the stock. Imperial Capital decreased their price target on shares of Mcdonald’s from $190.00 to $175.00 and set an outperform rating on the stock in a research note on Friday, July 27th. Royal Bank of Canada restated a buy rating and issued a $175.00 price objective on shares of Mcdonald’s in a report on Thursday, August 16th. Finally, Jefferies Financial Group set a $190.00 price objective on shares of Mcdonald’s and gave the company a buy rating in a report on Wednesday, September 26th. Seven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $188.31.

MCD opened at $173.34 on Wednesday. Mcdonald’s has a one year low of $146.84 and a one year high of $178.70. The company has a market cap of $134.48 billion, a PE ratio of 22.84, a P/E/G ratio of 2.55 and a beta of 0.66.



Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 130.19%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. Mcdonald’s’s revenue was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Mcdonald’s will post 7.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a yield of 2.68%. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

In other Mcdonald’s news, EVP Francesca A. Debiase sold 15,136 shares of the stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total value of $2,666,509.12. Following the sale, the executive vice president now directly owns 17,306 shares in the company, valued at $3,048,798.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,041 shares of company stock worth $38,839,407. Company insiders own 0.22% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Howard Capital Management raised its holdings in shares of Mcdonald’s by 1.7% during the third quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock worth $3,032,000 after acquiring an additional 300 shares during the period. Palisade Asset Management LLC raised its holdings in shares of Mcdonald’s by 0.4% during the third quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock worth $12,579,000 after acquiring an additional 300 shares during the period. Gilman Hill Asset Management LLC raised its holdings in shares of Mcdonald’s by 13.4% during the third quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock worth $423,000 after acquiring an additional 300 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Mcdonald’s by 69.2% during the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after acquiring an additional 304 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of Mcdonald’s by 1.4% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 23,572 shares of the fast-food giant’s stock worth $3,943,000 after acquiring an additional 314 shares during the period. 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.

Featured Article: Benefits of owning preferred stock

The Fly

Analyst Recommendations for Mcdonald`s (NYSE:MCD)

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply