Deutsche Bank Aktiengesellschaft Downgrades McDonald’s (NYSE:MCD) to Hold

Deutsche Bank Aktiengesellschaft downgraded shares of McDonald’s (NYSE:MCDGet Rating) from a buy rating to a hold rating in a report released on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has $259.00 price objective on the fast-food giant’s stock, down from their prior price objective of $263.00.

Several other brokerages also recently commented on MCD. StockNews.com began coverage on McDonald’s in a research report on Thursday, March 31st. They issued a hold rating on the stock. Atlantic Securities upgraded McDonald’s from a neutral rating to an overweight rating and boosted their price objective for the company from $245.00 to $278.00 in a research report on Wednesday, June 29th. Guggenheim lowered their price objective on McDonald’s to $280.00 in a research report on Monday, July 4th. BTIG Research lowered their price objective on McDonald’s from $295.00 to $280.00 and set a buy rating on the stock in a research report on Tuesday, April 19th. Finally, UBS Group lowered their price objective on McDonald’s from $300.00 to $290.00 and set a buy rating on the stock in a research report on Wednesday, March 30th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $282.77.

McDonald’s Stock Up 0.7 %

Shares of NYSE MCD opened at $258.89 on Wednesday. The business’s 50 day moving average is $247.21 and its two-hundred day moving average is $247.74. The company has a market cap of $191.46 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.14 and a beta of 0.55. McDonald’s has a 12 month low of $217.68 and a 12 month high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, topping the consensus estimate of $2.47 by $0.08. The company had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.82 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 EPS. Sell-side analysts expect that McDonald’s will post 9.77 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 6th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 58.29%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 5,892 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total value of $1,468,463.16. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,040,446.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McDonald’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Live Oak Private Wealth LLC increased its holdings in McDonald’s by 25.3% in the second quarter. Live Oak Private Wealth LLC now owns 3,060 shares of the fast-food giant’s stock valued at $755,000 after purchasing an additional 617 shares during the last quarter. Bailard Inc. increased its holdings in shares of McDonald’s by 29.4% in the second quarter. Bailard Inc. now owns 38,516 shares of the fast-food giant’s stock worth $9,509,000 after acquiring an additional 8,749 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of McDonald’s by 5.3% in the second quarter. Park Avenue Securities LLC now owns 18,396 shares of the fast-food giant’s stock worth $4,542,000 after acquiring an additional 930 shares in the last quarter. V Wealth Advisors LLC increased its holdings in shares of McDonald’s by 11.5% in the second quarter. V Wealth Advisors LLC now owns 8,549 shares of the fast-food giant’s stock worth $2,111,000 after acquiring an additional 885 shares in the last quarter. Finally, West Wealth Group LLC increased its holdings in shares of McDonald’s by 15.3% in the second quarter. West Wealth Group LLC now owns 2,544 shares of the fast-food giant’s stock worth $628,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 68.44% of the company’s stock.

About McDonald’s

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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