Zacks Investment Research upgraded shares of McDonald’s Corporation (NYSE:MCD) from a hold rating to a buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $178.00 target price on the fast-food giant’s stock.

According to Zacks, “McDonald’s shares outpaced the industry in the past six months. Notably, growing guest count remains McDonald’s top priority and it is undertaking various sales and digital initiatives to this end. Increased focus on delivery, enhancement of digital capabilities, and accelerated deployment of Experience of the Future restaurants in the U.S should drive growth too. Efforts to attract customers in International Lead & High Growth Markets also bode well. In fact, global comps at McDonald’s have been positive over the past eight quarters. Yet, high labor costs and currency headwinds might keep profits under pressure. Also, political and economic unrest in some parts of the world and a not so enticing U.S. restaurant space might restrict sales growth. Even so, augmented focus on refranchising will cut the company’s capital requirements and facilitate EPS growth and ROE expansion in the long run.”

A number of other analysts have also recently weighed in on the stock. Credit Suisse Group set a $170.00 price target on shares of McDonald’s Corporation and gave the stock a buy rating in a research report on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald’s Corporation and gave the stock a buy rating in a research report on Tuesday, September 19th. Mizuho reaffirmed a buy rating and set a $173.00 price target (up from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a buy rating and set a $175.00 price target on shares of McDonald’s Corporation in a research report on Friday, September 8th. Finally, Robert W. Baird reaffirmed a buy rating and set a $170.00 price target on shares of McDonald’s Corporation in a research report on Friday, September 1st. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. McDonald’s Corporation has an average rating of Buy and a consensus price target of $163.19.

McDonald’s Corporation (MCD) traded down 0.51% on Tuesday, reaching $156.68. The company had a trading volume of 3,670,057 shares. The firm has a market capitalization of $126.91 billion, a price-to-earnings ratio of 25.65 and a beta of 0.70. The stock’s 50-day moving average price is $157.70 and its 200 day moving average price is $147.07. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $161.72.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. 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 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “McDonald’s Corporation (MCD) Upgraded to “Buy” at Zacks Investment Research” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/mcdonalds-corporation-mcd-upgraded-to-buy-at-zacks-investment-research/1598847.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.58%. 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 presently 61.54%.

In other news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the transaction, the executive vice president now directly owns 11,755 shares in the company, valued at $1,861,756.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the 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 transaction, the executive vice president now 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 sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. 0.24% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of McDonald’s Corporation by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of McDonald’s Corporation by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares in the last quarter. Diversified Trust Co boosted its holdings 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 acquiring an additional 6 shares in the last quarter. Highland Private Wealth Management boosted its holdings in shares of McDonald’s Corporation by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares in the last quarter. Finally, Winch Advisory Services LLC boosted its holdings in shares of McDonald’s Corporation by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares in the last quarter. Institutional investors and hedge funds own 67.92% 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.

Get a free copy of the Zacks research report on McDonald’s Corporation (MCD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.