Stock Update (NYSE:MCD): McDonald’s Corporation Announces Quarterly Cash Dividend
McDonald’s Corporation (NYSE:MCD) Board of Directors declared a quarterly cash dividend of $0.85 per share of common stock payable on September 16, 2015 to shareholders of record at the close of business on September 1, 2015.
McDonald’s plans to release second quarter results before the market opens on July 23, 2015 and will host an investor webcast. (Original Source)
Shares of McDonald’s Corporation closed today at $97.86, down $1.21 or 1.22%. MCD has a 1-year high of $101.09 and a 1-year low of $87.62. The stock’s 50-day moving average is $96.24 and its 200-day moving average is $95.02.
On the ratings front, McDonald’s has been the subject of a number of recent research reports. In a report issued on June 22, Citigroup analyst Greg Badishkanian maintained a Hold rating on MCD, with a price target of $99, which represents a slight upside potential from current levels. Separately, on June 18, RBC’s David Palmer reiterated a Buy rating on the stock and has a price target of $110.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Greg Badishkanian and David Palmer have a total average return of 18.1% and 15.4% respectively. Badishkanian has a success rate of 79.2% and is ranked #249 out of 3707 analysts, while Palmer has a success rate of 79.5% and is ranked #209.
Overall, 6 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $101.80 which is 4.0% above where the stock opened today.
McDonald’s Corp franchises and operates McDonald’s restaurants in the food service industry. Its geographic segments include the United States, Europe, and Asia-Pacific, Middle East and Africa.