Deutsche Bank AG set a $185.00 target price on McDonald’s Corporation (NYSE:MCD) in a report published on Friday morning. The brokerage currently has a buy rating on the fast-food giant’s stock.

Other analysts have also recently issued reports about the company. Nomura set a $172.00 price target on McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, July 19th. Wells Fargo & Company restated an outperform rating and issued a $175.00 price target (up from $165.00) on shares of McDonald’s Corporation in a research note on Monday, June 26th. Canaccord Genuity restated a hold rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research note on Friday, October 6th. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the company a buy rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group Inc set a $174.00 price target on McDonald’s Corporation and gave the company a buy rating in a research note on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $168.64.

McDonald’s Corporation (NYSE MCD) traded down 0.12% on Friday, hitting $166.30. The stock had a trading volume of 5,577,713 shares. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $167.90. The firm’s 50-day moving average is $159.62 and its 200-day moving average is $152.01. The company has a market cap of $134.70 billion, a P/E ratio of 27.22 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. Equities research analysts anticipate that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.43%. McDonald’s Corporation’s payout ratio is 61.54%.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 over the last quarter. 0.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at $322,000. Phocas Financial Corp. purchased a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at $107,000. Orrstown Financial Services Inc. grew its stake in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares during the period. Proficio Capital Partners LLC grew its stake in shares of McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares during the period. Finally, Howe & Rusling Inc. grew its stake in shares of McDonald’s Corporation by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the period. 67.92% of the stock is owned by institutional investors.

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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