Mcdonald’s (NYSE:MCD) PT Lowered to $171.00 at Deutsche Bank

Mcdonald’s (NYSE:MCD) had its price objective decreased by Deutsche Bank from $199.00 to $171.00 in a research note published on Monday morning, AnalystRatings.com reports. Deutsche Bank currently has a hold rating on the fast-food giant’s stock.

Other equities analysts have also recently issued research reports about the stock. Stephens reissued an equal weight rating and set a $210.00 target price on shares of Mcdonald’s in a research report on Monday, March 9th. Tigress Financial raised Mcdonald’s from a neutral rating to a buy rating in a research report on Thursday, March 12th. Telsey Advisory Group lifted their price target on Mcdonald’s from $220.00 to $228.00 and gave the stock an outperform rating in a report on Thursday, January 30th. Morgan Stanley lifted their price target on Mcdonald’s from $214.00 to $230.00 and gave the stock an overweight rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reissued a buy rating and issued a $235.00 price objective on shares of Mcdonald’s in a research report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mcdonald’s has a consensus rating of Buy and a consensus price target of $221.21.

NYSE MCD opened at $167.35 on Monday. Mcdonald’s has a 1 year low of $124.23 and a 1 year high of $221.93. The firm has a market cap of $120.73 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.36 and a beta of 0.48. The company has a fifty day moving average price of $193.59 and a 200-day moving average price of $200.76.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 29th. The fast-food giant reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the firm earned $1.97 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that Mcdonald’s will post 8.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.99%. Mcdonald’s’s dividend payout ratio is presently 63.78%.

In related news, VP Catherine A. Hoovel sold 2,555 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $214.00, for a total value of $546,770.00. Following the completion of the transaction, the vice president now directly owns 1,347 shares of the company’s stock, valued at approximately $288,258. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Francesca A. Debiase sold 14,026 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $213.71, for a total transaction of $2,997,496.46. Following the completion of the transaction, the executive vice president now directly owns 19,067 shares of the company’s stock, valued at $4,074,808.57. The disclosure for this sale can be found here. Insiders have sold 19,616 shares of company stock valued at $4,198,430 in the last quarter. Company insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCD. First Republic Investment Management Inc. grew its stake in Mcdonald’s by 27.7% in the fourth quarter. First Republic Investment Management Inc. now owns 299,713 shares of the fast-food giant’s stock worth $59,226,000 after purchasing an additional 64,956 shares during the period. Dearborn Partners LLC grew its holdings in Mcdonald’s by 5.3% in the fourth quarter. Dearborn Partners LLC now owns 249,299 shares of the fast-food giant’s stock worth $49,264,000 after purchasing an additional 12,566 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Mcdonald’s by 10.4% during the third quarter. EP Wealth Advisors LLC now owns 8,500 shares of the fast-food giant’s stock valued at $1,825,000 after purchasing an additional 801 shares in the last quarter. Stillwater Investment Management LLC increased its stake in shares of Mcdonald’s by 0.6% during the fourth quarter. Stillwater Investment Management LLC now owns 18,280 shares of the fast-food giant’s stock valued at $3,612,000 after purchasing an additional 114 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Mcdonald’s by 8.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 138,138 shares of the fast-food giant’s stock valued at $27,297,000 after purchasing an additional 10,793 shares during the last quarter. 67.30% of the stock is 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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