McDonald’s Corp. (NYSE:MCD) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday. They currently have a $121.01 target price on the fast-food giant’s stock. Vetr‘s price objective indicates a potential upside of 3.92% from the company’s previous close.

Several other equities analysts have also recently issued reports on MCD. Sanford C. Bernstein started coverage on shares of McDonald’s Corp. in a research note on Thursday, May 26th. They issued a “market perform” rating and a $129.00 price objective on the stock. Nomura reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Thursday, June 2nd. Credit Agricole SA reissued a “sell” rating and issued a $128.00 price objective on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Longbow Research reissued a “hold” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of McDonald’s Corp. in a research note on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $126.62.

McDonald’s Corp. (NYSE:MCD) opened at 116.45 on Wednesday. The stock has a market capitalization of $99.37 billion, a P/E ratio of 22.24 and a beta of 0.59. The stock has a 50 day moving average of $116.56 and a 200 day moving average of $122.29. McDonald’s Corp. has a 1-year low of $95.78 and a 1-year high of $131.96.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. McDonald’s Corp.’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. On average, analysts expect that McDonald’s Corp. will post $5.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, August 30th. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the transaction, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MCD. Invictus RG boosted its position in shares of McDonald’s Corp. by 364.1% in the first quarter. Invictus RG now owns 919 shares of the fast-food giant’s stock valued at $115,000 after buying an additional 721 shares during the period. Glassman Wealth Services boosted its position in shares of McDonald’s Corp. by 27.4% in the second quarter. Glassman Wealth Services now owns 930 shares of the fast-food giant’s stock valued at $112,000 after buying an additional 200 shares during the period. RPg Family Wealth Advisory LLC boosted its position in shares of McDonald’s Corp. by 572.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 975 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 830 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock valued at $128,000 after buying an additional 690 shares during the period. Finally, MU Investments Co. Ltd. purchased a new position in shares of McDonald’s Corp. during the second quarter valued at about $163,000. Hedge funds and other institutional investors own 69.19% of the company’s stock.

McDonald’s Corp. Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

5 Day Chart for NYSE:MCD

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