Mizuho restated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report sent to investors on Wednesday. They currently have a $170.00 price target on the fast-food giant’s stock, up from their previous price target of $168.00.

Other equities analysts have also issued research reports about the stock. Nomura raised their price objective 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 objective for the company in a research report on Tuesday, April 18th. Deutsche Bank AG restated a buy rating and set a $155.00 price objective on shares of McDonald’s Corporation in a research report on Wednesday, April 26th. Instinet restated a buy rating and set a $146.00 price objective (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 equities research 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 stock. The stock presently has an average rating of Buy and a consensus target price of $161.74.

McDonald’s Corporation (MCD) opened at 155.85 on Wednesday. The firm’s 50-day moving average is $153.88 and its 200-day moving average is $138.34. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The firm has a market cap of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70.

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

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The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.41%. 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 firm’s 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 sale, the executive vice president now owns 11,755 shares in the company, valued at $1,861,756.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction on 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. In the last quarter, insiders have sold 54,363 shares of company stock worth $8,615,125. Corporate insiders own 0.24% of the company’s stock.

Several large investors have recently made changes to their positions in MCD. Zions Bancorporation increased its stake in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 6 shares during the last quarter. Diversified Trust Co increased its stake 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 buying an additional 6 shares during the last quarter. D Orazio & Associates Inc. increased its stake in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock valued at $133,000 after buying an additional 8 shares during the last quarter. Catawba Capital Management VA increased its stake in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock valued at $382,000 after buying an additional 9 shares during the last quarter. Finally, Van Cleef Asset Management Inc increased its stake in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 67.66% 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.

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

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