McDonald's Corporation (MCD) was Reiterated by Nomura to “Neutral” while Lowering the Price Target of the company shares to $ 122 from a previous price target of $129 . Nomura advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on McDonald's Corporation. Telsey Advisory Group Resumed McDonald's Corporation on Oct 10, 2016 to “Outperform”, Price Target of the shares are set at $130.Company shares were Upgraded by Robert W. Baird on Aug 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $126 .McDonald's Corporation was Downgraded by Argus to ” Hold” on Aug 15, 2016.
On the company’s financial health, McDonald's Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.39. The company had revenue of $6265.00 million for the quarter, compared to analysts expectations of $6265.41 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 EPS.
McDonald's Corporation closed down -1.32 points or -1.14% at $114.09 with 53,12,532 shares getting traded on Friday. Post opening the session at $114.9, the shares hit an intraday low of $114.07 and an intraday high of $115.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Sep 29, 2016, McDonald's Corporation announced a cash dividend of $0.9400. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.
In a different news, on May 4, 2016, Brian Mullens (Corp Sr Vice Pres – Controller) sold 845 shares at $128.93 per share price. According to the SEC, on Apr 26, 2016, Kevin M Ozan (Exec Vice Pres & CFO) sold 13,007 shares at $125.07 per share price. On Feb 2, 2016, Gloria Santona (Corp Exec VP, Gen Coun, Secy) sold 24,100 shares at $124.24 per share price, according to the Form-4 filing with the securities and exchange commission.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe and Asia/Pacific Middle East and Africa (APMEA). The Companys operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu including hamburgers and cheeseburgers Big Mac Quarter Pounder with Cheese Filet-O-Fish several chicken sandwiches Chicken McNuggets wraps French fries salads oatmeal shakes McFlurry desserts sundaes soft serve cones pies soft drinks coffee McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.