Stifel Nicolaus initiated coverage on shares of McDonald’s Corporation (NYSE:MCD) in a research note issued to investors on Monday morning. The firm issued a hold rating and a $160.00 price objective on the fast-food giant’s stock.

A number of other research firms also recently commented on MCD. Telsey Advisory Group reaffirmed an outperform rating and set a $180.00 target price (up previously from $170.00) on shares of McDonald’s Corporation in a report on Monday. Longbow Research upgraded shares of McDonald’s Corporation from a neutral rating to a buy rating and lifted their price objective for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Zacks Investment Research raised shares of McDonald’s Corporation from a hold rating to a buy rating and set a $178.00 price objective on the stock in a report on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a buy rating in a research note on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $180.00 target price on shares of McDonald’s Corporation and gave the stock a buy rating in a report on Tuesday, September 19th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $164.96.

McDonald’s Corporation (NYSE MCD) opened at 156.70 on Monday. The stock has a market capitalization of $126.93 billion, a P/E ratio of 25.65 and a beta of 0.69. The stock has a 50 day moving average price of $158.12 and a 200-day moving average price of $148.96. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during 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 firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities research analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

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The company also recently disclosed 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 boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 61.54%.

In other news, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in McDonald’s Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after purchasing an additional 906,303 shares during the last quarter. BlackRock Inc. lifted its position in shares of 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 buying an additional 1,586,761 shares during the last quarter. Capital World Investors lifted its position in shares of McDonald’s Corporation by 2.8% during the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after buying an additional 606,232 shares during the last quarter. Capital Research Global Investors lifted its position in shares of McDonald’s Corporation by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after buying an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of McDonald’s Corporation by 3.1% during the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after buying an additional 360,212 shares during the last quarter. 67.92% of the stock is currently 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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