McDonald’s (NYSE:MCD) PT Raised to $245.00 at JPMorgan Chase & Co.

McDonald’s (NYSE:MCD) had its target price upped by JPMorgan Chase & Co. from $215.00 to $245.00 in a research note released on Monday morning, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the fast-food giant’s stock. The analysts noted that the move was a valuation call.

MCD has been the subject of a number of other reports. Stephens lifted their price objective on shares of McDonald’s from $225.00 to $232.00 and gave the stock an equal weight rating in a research report on Thursday, January 7th. Wells Fargo & Company upgraded shares of McDonald’s to an overweight rating in a research note on Monday, February 22nd. Piper Sandler upped their target price on McDonald’s from $209.00 to $225.00 and gave the company a neutral rating in a research report on Monday. Atlantic Securities began coverage on McDonald’s in a report on Tuesday, April 6th. They set a neutral rating and a $237.00 price target for the company. Finally, UBS Group upgraded McDonald’s from a neutral rating to a buy rating and boosted their price target for the company from $230.00 to $240.00 in a research note on Monday, December 14th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. McDonald’s has an average rating of Buy and an average target price of $235.66.

NYSE MCD opened at $230.31 on Monday. The company has a market cap of $171.71 billion, a PE ratio of 35.16, a PEG ratio of 3.17 and a beta of 0.58. McDonald’s has a 12 month low of $167.85 and a 12 month high of $232.81. The stock has a 50 day moving average of $219.38 and a 200-day moving average of $216.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.35 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.97 earnings per share. As a group, equities analysts predict that McDonald’s will post 6.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, February 26th. McDonald’s’s dividend payout ratio is presently 65.82%.

Several institutional investors and hedge funds have recently bought and sold shares of MCD. Plimoth Trust Co. LLC lifted its stake in McDonald’s by 5.6% in the 1st quarter. Plimoth Trust Co. LLC now owns 18,893 shares of the fast-food giant’s stock valued at $4,234,000 after purchasing an additional 997 shares during the last quarter. KG&L Capital Management LLC grew its position in McDonald’s by 14.0% during the 1st quarter. KG&L Capital Management LLC now owns 1,259 shares of the fast-food giant’s stock worth $282,000 after acquiring an additional 155 shares during the last quarter. Investors Financial Group LLC raised its position in McDonald’s by 8.2% in the first quarter. Investors Financial Group LLC now owns 2,233 shares of the fast-food giant’s stock valued at $501,000 after purchasing an additional 169 shares during the last quarter. Charles Schwab Trust Co boosted its stake in shares of McDonald’s by 9.2% during the first quarter. Charles Schwab Trust Co now owns 2,374 shares of the fast-food giant’s stock valued at $535,000 after purchasing an additional 200 shares in the last quarter. Finally, Eclectic Associates Inc. ADV acquired a new position in shares of McDonald’s in the first quarter valued at approximately $217,000. Institutional investors own 66.25% of the company’s stock.

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 and beverages, as well as breakfast menu. As of December 31, 2020, the company operated 39,198 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Recommended Story: How does the Beige Book influence monetary policy?

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.