Morgan Stanley reiterated their equal weight rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report released on Wednesday morning. Morgan Stanley currently has a $162.00 price objective on the fast-food giant’s stock, up from their prior price objective of $150.00.

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

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

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, equities analysts anticipate that McDonald’s Corporation will post $6.52 EPS for the current fiscal year.

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

In related news, EVP Jerome N. Krulewitch sold 11,755 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following 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 is accessible through this link. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold 54,363 shares of company stock worth $8,615,125 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp Et Al acquired a new stake in shares of McDonald’s Corporation during the fourth quarter worth about $3,749,000. Sciencast Management LP boosted its position in shares of McDonald’s Corporation by 6.8% in the fourth quarter. Sciencast Management LP now owns 6,688 shares of the fast-food giant’s stock worth $814,000 after buying an additional 423 shares in the last quarter. Pacific Global Investment Management CO boosted its position in shares of McDonald’s Corporation by 0.9% in the fourth quarter. Pacific Global Investment Management CO now owns 41,929 shares of the fast-food giant’s stock worth $5,104,000 after buying an additional 360 shares in the last quarter. GLG LLC boosted its position in shares of McDonald’s Corporation by 6.8% in the fourth quarter. GLG LLC now owns 48,908 shares of the fast-food giant’s stock worth $5,953,000 after buying an additional 3,109 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of McDonald’s Corporation by 13.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 680,545 shares of the fast-food giant’s stock worth $82,836,000 after buying an additional 80,401 shares in the last quarter. 67.66% of the stock is currently owned by hedge funds and other institutional investors.

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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