McDonald’s Corporation (NYSE:MCD) has received an average recommendation of “Buy” from the thirty-five analysts that are currently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $165.79.

A number of analysts have recently issued reports on MCD shares. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. BTIG Research upped their price objective on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research report on Tuesday, June 27th. Mizuho began coverage on shares of McDonald’s Corporation in a research note on Thursday, June 8th. They issued a “buy” rating and a $168.00 target price on the stock. Finally, Bank of America Corporation raised their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th.

In related news, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now directly owns 6,954 shares in the company, valued at approximately $1,092,125.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,938 shares of company stock worth $11,033,009. Company insiders own 0.24% of the company’s stock.

A number of large investors have recently bought and sold shares of MCD. Vantage Financial Partners Ltd. Inc. bought a new position in shares of McDonald’s Corporation during the second quarter valued at approximately $322,000. Phocas Financial Corp. purchased a new position in shares of McDonald’s Corporation during the second quarter valued at approximately $107,000. Orrstown Financial Services Inc. lifted its holdings in shares of McDonald’s Corporation by 17.2% during the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its position in shares of McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares in the last quarter. 67.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of McDonald’s Corporation (MCD) traded down 0.06% during mid-day trading on Friday, reaching $156.86. 2,188,429 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $158.11 and a 200 day moving average price of $149.16. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72. The firm has a market cap of $127.06 billion, a P/E ratio of 25.68 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Analysts forecast that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.58%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 61.54%.

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McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

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