Credit Suisse Group reissued their outperform rating on shares of McDonald’s Corporation (NYSE:MCD) in a report published on Wednesday. Credit Suisse Group currently has a $170.00 price target on the fast-food giant’s stock, up from their previous price target of $165.00.

Several other research firms have also issued reports on MCD. BTIG Research increased 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. Barclays PLC raised their price target on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the company an overweight rating in a report on Wednesday, April 26th. Sanford C. Bernstein reaffirmed an outperform rating and set a $170.00 price target (up from $160.00) on shares of McDonald’s Corporation in a report on Thursday, May 25th. Piper Jaffray Companies reaffirmed a buy rating and set a $153.00 price target on shares of McDonald’s Corporation in a report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $140.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $161.74.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 155.85 on Wednesday. The stock’s 50 day moving average is $153.88 and its 200 day moving average is $138.34. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The stock has a market capitalization of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post $6.52 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.41%. McDonald’s Corporation’s payout ratio is 61.54%.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s 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 in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,363 shares of company stock worth $8,615,125. 0.24% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. boosted its position in McDonald’s Corporation by 3.4% in the fourth quarter. First Republic Investment Management Inc. now owns 152,723 shares of the fast-food giant’s stock valued at $18,590,000 after buying an additional 4,962 shares during the last quarter. Fiera Capital Corp boosted its position in McDonald’s Corporation by 0.8% in the fourth quarter. Fiera Capital Corp now owns 25,265 shares of the fast-food giant’s stock valued at $3,076,000 after buying an additional 202 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in McDonald’s Corporation by 102.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 978,968 shares of the fast-food giant’s stock valued at $119,160,000 after buying an additional 495,256 shares during the last quarter. Zions Bancorporation boosted its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 6 shares during the last quarter. Finally, Intellectus Partners LLC bought a new position in McDonald’s Corporation during the fourth quarter valued at approximately $1,306,000. 67.66% of the stock is currently owned by hedge funds and other institutional investors.

About McDonald’s Corporation

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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