McDonald’s Corporation (NYSE:MCD) is included among the 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts.
On October 27, Mizuho began coverage of McDonald’s Corporation with a Neutral rating and a $300 price target. The firm mentioned that an “aggressive value strategy” is being implemented to improve traffic trends at McDonald’s, but also pointed out that this approach could limit the company’s US margin visibility. Mizuho stated that the stock’s current valuation “correctly reflects the above dynamic.”
In other news, on October 23, McDonald’s Corporation announced a 5% increase in its quarterly dividend to $1.86 per share. With this raise, the company extended its dividend growth streak to 49 consecutive years, placing it just one year away from earning the title of a Dividend King. The stock has a dividend yield of 2.46%, as of October 29.
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