Jefferies Group LLC reissued their hold rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report sent to investors on Thursday. Jefferies Group also issued estimates for McDonald’s Corporation’s Q3 2017 earnings at $1.67 EPS, FY2017 earnings at $6.41 EPS, Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.69 EPS and FY2018 earnings at $6.67 EPS.

MCD has been the subject of a number of other reports. Royal Bank Of Canada set a $175.00 target price on shares of McDonald’s Corporation and gave the company a buy rating in a research note on Wednesday, July 26th. Sanford C. Bernstein reissued an outperform rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BTIG Research boosted their price objective on shares of McDonald’s Corporation from $137.00 to $156.00 and gave the company a buy rating in a research report on Wednesday, April 26th. Wells Fargo & Company raised shares of McDonald’s Corporation from a market perform rating to an outperform rating and cut their price objective for the company from $131.70 to $130.76 in a research report on Monday, April 17th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reissued a buy rating and set a $155.00 price objective on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $161.74.

McDonald’s Corporation (NYSE:MCD) traded down 0.38% during trading on Thursday, hitting $155.25. The stock had a trading volume of 2,520,439 shares. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The company has a market capitalization of $126.54 billion, a P/E ratio of 25.41 and a beta of 0.70. The stock’s 50-day moving average price is $153.88 and its 200-day moving average price is $138.34.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. Analysts expect that McDonald’s Corporation will post $6.52 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.41%. McDonald’s Corporation’s payout ratio is 61.54%.

In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction 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 owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold 54,363 shares of company stock valued at $8,615,125 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $960,307,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of McDonald’s Corporation during the fourth quarter valued at about $112,315,000. Harbour Capital Advisors LLC raised its stake in shares of McDonald’s Corporation by 12,624.8% in the second quarter. Harbour Capital Advisors LLC now owns 767,178 shares of the fast-food giant’s stock valued at $5,009,000 after buying an additional 761,149 shares during the period. Swiss National Bank raised its stake in shares of McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of McDonald’s Corporation during the first quarter valued at about $66,583,000. Institutional investors and hedge funds own 67.55% of the company’s stock.

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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