FY2017 Earnings Estimate for McDonald’s Corporation (MCD) Issued By CLSA

FY2017 Earnings Estimate for McDonald’s Corporation (MCD) Issued By CLSA

McDonald’s Corporation (NYSE:MCD) – Equities researchers at CLSA boosted their FY2017 earnings estimates for shares of McDonald’s Corporation in a research note issued to investors on Monday. CLSA analyst J. Scott now anticipates that the firm will post earnings per share of $6.40 for the year, up from their previous forecast of $6.34.

A number of other brokerages have also issued reports on MCD. Credit Suisse Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of McDonald’s Corporation in a research report on Friday, December 23rd. Zacks Investment Research lowered McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, December 19th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $145.00 target price on shares of McDonald’s Corporation in a research report on Friday, December 23rd. Stephens reaffirmed an “overweight” rating and issued a $135.00 target price on shares of McDonald’s Corporation in a research report on Monday, December 19th. Finally, Nomura set a $136.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, January 18th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $127.45.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.01% during midday trading on Wednesday, hitting $121.89. The company had a trading volume of 291,736 shares. The company has a market cap of $101.22 billion, a price-to-earnings ratio of 22.41 and a beta of 0.67. The stock’s 50-day moving average price is $121.88 and its 200-day moving average price is $118.18. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $131.96.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 3.09%. McDonald’s Corporation’s payout ratio is currently 69.37%.

In other McDonald’s Corporation news, VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $1,741,680. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MCD. BlackRock Institutional Trust Company N.A. raised its position in shares of McDonald’s Corporation by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 23,925,310 shares of the fast-food giant’s stock worth $2,760,024,000 after buying an additional 260,354 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of McDonald’s Corporation by 2.2% in the third quarter. BlackRock Fund Advisors now owns 17,132,558 shares of the fast-food giant’s stock worth $1,976,412,000 after buying an additional 369,396 shares in the last quarter. Capital Research Global Investors raised its position in shares of McDonald’s Corporation by 3.6% in the third quarter. Capital Research Global Investors now owns 10,964,104 shares of the fast-food giant’s stock worth $1,264,819,000 after buying an additional 381,293 shares in the last quarter. BlackRock Group LTD raised its position in shares of McDonald’s Corporation by 1.2% in the third quarter. BlackRock Group LTD now owns 8,142,077 shares of the fast-food giant’s stock worth $939,270,000 after buying an additional 94,940 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of McDonald’s Corporation by 7.6% in the third quarter. Morgan Stanley now owns 5,755,349 shares of the fast-food giant’s stock worth $663,936,000 after buying an additional 406,911 shares in the last quarter. 67.90% of the stock is currently owned by institutional investors.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

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