UBS AG set a $160.00 target price on McDonald’s Corporation (NYSE:MCD) in a research report report published on Wednesday, www.benzinga.com reports. The brokerage currently has a neutral rating on the fast-food giant’s stock.

Other equities research analysts also recently issued research reports about the stock. Nomura upped their price target on shares of McDonald’s Corporation from $136.00 to $146.00 and gave the company a buy rating in a research report on Thursday, April 20th. Vetr upgraded shares of McDonald’s Corporation from a sell rating to a buy rating and set a $145.38 price target for the company in a research report on Tuesday, April 18th. Deutsche Bank AG restated a buy rating and issued a $155.00 price target on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. Instinet restated a buy rating and issued a $146.00 price target (up previously from $136.00) on shares of McDonald’s Corporation in a research report on Saturday, April 22nd. Finally, Cleveland Research upgraded shares of McDonald’s Corporation from a neutral rating to a buy rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $161.74.

Shares of McDonald’s Corporation (NYSE MCD) opened at 155.85 on Wednesday. The firm has a 50-day moving average of $153.88 and a 200 day moving average of $138.34. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The stock has a market capitalization of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70.

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, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. On average, equities analysts anticipate that McDonald’s Corporation will post $6.52 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/mcdonalds-corporation-nysemcd-given-a-160-00-price-target-by-ubs-ag-analysts/1462259.html.

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

In other news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock valued at $8,615,125 over the last ninety days. 0.24% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. increased its position in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares during the last quarter. Proficio Capital Partners LLC increased its position in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the last quarter. Vigilant Capital Management LLC increased its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Zions Bancorporation increased its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in McDonald’s Corporation during the fourth quarter worth approximately $131,000. 67.66% 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)

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.