Sumitomo Mitsui Trust has 0.59% invested in McDonald's Corporation (NYSE:MCD) for 2.64M shares. The firm has "Buy" rating given on Thursday, June 22 by BMO Capital Markets. Sanford C. Bernstein reiterated a "market perform" rating and set a $129.00 price target on shares of McDonald's Corporation in a research report on Wednesday, December 7th.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beck Mack & Oliver Ltd Liability Co invested 0.03% in McDonald's Corporation (NYSE:MCD).
Aristotle Fund L.P. holds 2.87% of its portfolio in Dillard's, Inc. for 79,000 shares. Sei Investments Co. boosted its stake in McDonald's Corporation by 89.1% in the second quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant's stock worth $127,000 after purchasing an additional 84 shares during the period. Parsec Financial Management Inc. boosted its stake in McDonald's Corporation by 14.4% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant's stock worth $108,000 after acquiring an additional 104 shares during the period. Greenlight Capital Inc owns 2.52 million shares or 2.34% of their U.S. portfolio. ST Germain D J Co. The Horizon Investments Llc holds 8,379 shares with $1.22M value, down from 17,559 last quarter. Sabal Trust Co sold 3,063 shares as the company's stock rose 15.92% with the market. The stock of McDonald's Corporation (NYSE:MCD) has "Buy" rating given on Monday, April 25 by Deutsche Bank. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and global trademark & copyright law. The original version of this piece of content can be accessed at https://www.truebluetribune.com/2017/10/23/mcdonalds-corporation-mcd-given-a-170-00-price-target-by-piper-jaffray-companies-analysts.html.
MCD has been the subject of several research reports.
Among 33 analysts covering McDonald's Corporation (NYSE:MCD), 22 have Buy rating, 1 Sell and 10 Hold. TheStreet upgraded the shares of SNE in report on Monday, August 24 to "Buy" rating. Credit Suisse upgraded McDonald's Corporation (NYSE:MCD) on Monday, October 19 to "Focus List" rating. Finally, Goldman Sachs Group, Inc. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $175.00 target price (up from $165.00) on shares of McDonald's Corporation in a research note on Monday, June 26th. Jefferies maintained the stock with "Hold" rating in Wednesday, July 19 report. The firm earned "Buy" rating on Friday, October 23 by UBS. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Apg Asset Management Nv owns 1.88 million shares. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Paragon Capital Management Llc sold 4,581 shares as Mc Donalds Corp (MCD)'s stock rose 15.92%. The stock exchanged hands with 1,323,655 numbers of shares compared to its average daily volume of 3.50M shares. Following the completion of the sale, the chairman now owns 72,514 shares of the company's stock, valued at $8,228,888.72. The disclosure for this sale can be found here.
Sell-side analysts have also provided a consensus recommendation of 2.10 on company shares.
Comparable sales strong at McDonald's
Results: McDonald's earned $1.76 a share, beating the Zacks estimate by a penny but just missing some other consensus views. One example of this is McDonald's growing its partnership with Uber , and its UberEATS platform.
Shares of McDonald's Corporation (NYSE:MCD) opened at 166.30 on Thursday.
McDonald's Corporation (NYSE:MCD) traded up 0.89% on Friday, reaching $120.76. McDonald's Corporation has a 52-week low of $110.83 and a 52-week high of $167.90. The firm's 50 day moving average is $159.62 and its 200-day moving average is $152.01.
McDonald's Corporation (NYSE:MCD) has risen 18.25% since October 23, 2016 and is uptrending.
The company said that it had $1.76 in earnings per share (EPS) and $5.75 billion in revenue, while the consensus estimates from Thomson Reuters were $1.77 in EPS on revenue of $5.74 billion. McDonald's Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. (NYSE:LVLT). Advisory Ser Lc holds 0% or 68 shares. For the last period, the company reported quarter over quarter EPS growth of 35.80% and quarter over quarter sales growth of -3.40%. Analysts anticipate that McDonald's Corporation will post $6.57 EPS for the current year. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. Registered Invest Advisor Incorporated has invested 0.93% in McDonald's Corporation (NYSE:MCD). The dividend yield will be $2.43. McDonald's Corporation's payout ratio is 61.54%.
During the quarter, McDonald's reached its target of re-franchising 4,000 restaurants in China and Hong Kong. The Company's restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. "Our positive comparable sales and guest counts across all of our operating segments during the third quarter demonstrate broad-based momentum throughout our business that builds upon our strong first half of 2017".
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