McDonald’s Corporation (NYSE:MCD) had its price objective upped by Royal Bank Of Canada from $175.00 to $180.00 in a report published on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the fast-food giant’s stock.

Other equities research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a hold rating and issued a $140.00 price target on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Longbow Research reaffirmed a neutral rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Bank of America Corporation reaffirmed a buy rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research report on Monday, August 14th. Barclays PLC set a $164.00 price target on McDonald’s Corporation and gave the company a buy rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded McDonald’s Corporation from a buy rating to a hold rating in a research report on Tuesday, July 25th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $167.83.

McDonald’s Corporation (MCD) traded down 0.39% on Friday, hitting $164.73. The company had a trading volume of 377,672 shares. The firm’s 50 day moving average price is $158.72 and its 200 day moving average price is $151.02. The stock has a market cap of $133.43 billion, a P/E ratio of 26.97 and a beta of 0.69. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $165.74.

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

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.44%. 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%.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the sale, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. In the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Jennison Associates LLC grew its holdings in McDonald’s Corporation by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the period. Janus Henderson Group PLC grew its holdings in McDonald’s Corporation by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the period. FMR LLC grew its holdings in McDonald’s Corporation by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares during the period. Alliancebernstein L.P. grew its holdings in McDonald’s Corporation by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares during the period. Finally, BlackRock Inc. grew its holdings in McDonald’s Corporation by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the period. 67.92% of the stock is owned by institutional investors and hedge funds.

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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