McDonald’s Corporation (NYSE:MCD) had its target price increased by Bank of America Corporation from $165.00 to $175.00 in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the fast-food giant’s stock.

Several other equities research analysts have also recently commented on MCD. Vetr raised McDonald’s Corporation from a sell rating to a hold rating and set a $146.85 price target for the company in a research note on Monday. Mizuho assumed coverage on McDonald’s Corporation in a report on Thursday, June 8th. They issued a buy rating and a $168.00 target price for the company. Credit Suisse Group restated an outperform rating and issued a $165.00 target price (up from $157.00) on shares of McDonald’s Corporation in a report on Thursday, June 8th. Royal Bank Of Canada restated a buy rating and issued a $155.00 target price on shares of McDonald’s Corporation in a report on Friday, June 2nd. Finally, Telsey Advisory Group boosted their target price on McDonald’s Corporation from $150.00 to $165.00 and gave the stock an outperform rating in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $145.45.

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

Shares of McDonald’s Corporation (MCD) traded up 0.384% during midday trading on Tuesday, reaching $150.395. 788,950 shares of the company were exchanged. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $153.90. The firm’s 50 day moving average is $146.94 and its 200-day moving average is $130.96. The company has a market capitalization of $122.58 billion, a PE ratio of 26.548 and a beta of 0.68.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.53 billion. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. On average, equities analysts forecast that McDonald’s Corporation will post $6.39 earnings per share for the current fiscal year.

WARNING: “McDonald’s Corporation (MCD) Price Target Raised to $175.00 at Bank of America Corporation” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.watchlistnews.com/mcdonalds-corporation-mcd-price-target-raised-to-175-00-at-bank-of-america-corporation/1361353.html.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, June 5th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, June 1st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.51%. McDonald’s Corporation’s payout ratio is presently 66.43%.

In related news, Director John J. Mulligan purchased 1,600 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was purchased at an average cost of $128.94 per share, for a total transaction of $206,304.00. Following the completion of the purchase, the director now directly owns 1,600 shares in the company, valued at $206,304. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total value of $1,967,017.68. Following the completion of the transaction, the vice president now owns 14,608 shares of the company’s stock, valued at $2,065,425.12. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation increased 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 worth $130,000 after buying an additional 6 shares in the last quarter. Diversified Trust Co increased its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares in the last quarter. D Orazio & Associates Inc. increased its position in shares of McDonald’s Corporation by 0.6% in the first quarter. D Orazio & Associates Inc. now owns 1,096 shares of the fast-food giant’s stock valued at $142,000 after buying an additional 6 shares in the last quarter. Catawba Capital Management VA increased its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock valued at $382,000 after buying an additional 9 shares in the last quarter. Finally, Van Cleef Asset Management Inc increased its position in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 67.59% of the company’s stock.

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.

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.