Sanford C. Bernstein set a $180.00 target price on McDonald’s Corporation (NYSE:MCD) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the fast-food giant’s stock.

Other analysts also recently issued reports about the company. Robert W. Baird restated a buy rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a report on Friday, September 1st. Royal Bank Of Canada reiterated a buy rating and set a $175.00 price target on shares of McDonald’s Corporation in a report on Friday, September 8th. Credit Suisse Group reiterated an outperform rating and set a $170.00 price target (up from $165.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Stephens reiterated an overweight rating and set a $155.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Finally, Morgan Stanley reiterated an equal weight rating and set a $162.00 price target (up from $150.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $162.26.

Shares of McDonald’s Corporation (NYSE MCD) opened at 158.91 on Tuesday. The firm has a market capitalization of $128.72 billion, a PE ratio of 26.01 and a beta of 0.70. The company’s 50-day moving average price is $157.70 and its 200-day moving average price is $147.07. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 61.54%.

In other news, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock valued at $11,033,009 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MPS Loria Financial Planners LLC bought a new stake in shares of McDonald’s Corporation during the 2nd quarter worth $400,000. Burgundy Asset Management Ltd. lifted its holdings in shares of McDonald’s Corporation by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,407,837 shares of the fast-food giant’s stock worth $215,624,000 after acquiring an additional 20,067 shares during the last quarter. W. E. Donoghue & Co. LLC bought a new stake in shares of McDonald’s Corporation during the 2nd quarter worth $2,242,000. Intl Fcstone Inc. lifted its holdings in shares of McDonald’s Corporation by 61.2% during the 2nd quarter. Intl Fcstone Inc. now owns 16,316 shares of the fast-food giant’s stock worth $2,499,000 after acquiring an additional 6,194 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new stake in shares of McDonald’s Corporation during the 2nd quarter worth $4,463,000. 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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