Shares of McDonald’s Corporation (NYSE:MCD) have been given a consensus rating of “Buy” by the thirty-five analysts that are currently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $162.67.

Several equities research analysts recently issued reports on the stock. UBS Group AG set a $160.00 target price on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Barclays PLC reissued an “overweight” rating and issued a $173.00 target price (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. J P Morgan Chase & Co set a $170.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and issued a $162.00 target price (up from $150.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $175.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th.

McDonald’s Corporation (MCD) opened at 156.62 on Friday. The company has a market capitalization of $127.66 billion, a price-to-earnings ratio of 25.64 and a beta of 0.70. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The stock has a 50 day moving average of $154.78 and a 200-day moving average of $140.35.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company 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 firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. On average, equities research analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction dated 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 in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,363 shares of company stock worth $8,615,125. Insiders own 0.24% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in McDonald’s Corporation by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the period. Norges Bank bought a new position in McDonald’s Corporation during the fourth quarter valued at about $960,307,000. Alliancebernstein L.P. raised its position in McDonald’s Corporation by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares during the period. Jennison Associates LLC raised its position in McDonald’s Corporation by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the period. Finally, Legal & General Group Plc raised its position in McDonald’s Corporation by 3.5% in the second quarter. Legal & General Group Plc now owns 4,388,893 shares of the fast-food giant’s stock valued at $672,205,000 after buying an additional 147,589 shares during the period. Institutional investors own 67.52% of the company’s stock.

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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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