Sanford C. Bernstein set a $180.00 price objective on McDonald’s Corporation (NYSE:MCD) in a report released on Wednesday. The brokerage currently has a buy rating on the fast-food giant’s stock.

A number of other analysts also recently weighed in on MCD. Morgan Stanley restated an equal weight rating and issued a $162.00 target price (up previously from $150.00) on shares of McDonald’s Corporation in a research report on Wednesday. Stephens reaffirmed an overweight rating and issued a $155.00 price target on shares of McDonald’s Corporation in a research note on Wednesday. Robert W. Baird set a $170.00 price target on McDonald’s Corporation and gave the stock a buy rating in a research note on Wednesday. Credit Suisse Group reaffirmed an outperform rating and issued a $170.00 price target (up from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday. Finally, Zacks Investment Research cut McDonald’s Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $161.74.

Shares of McDonald’s Corporation (NYSE MCD) opened at 155.85 on Wednesday. The company’s 50-day moving average is $153.88 and its 200 day moving average is $138.34. The company has a market cap of $127.03 billion, a PE ratio of 25.51 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.

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

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend 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, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 54,363 shares of company stock valued at $8,615,125 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Large investors have recently modified their holdings of the company. Tudor Investment Corp Et Al acquired a new position in shares of McDonald’s Corporation during the fourth quarter valued at about $3,749,000. Sciencast Management LP raised 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 valued at $814,000 after buying an additional 423 shares during the period. Pacific Global Investment Management CO raised 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 valued at $5,104,000 after buying an additional 360 shares during the period. GLG LLC raised 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 valued at $5,953,000 after buying an additional 3,109 shares during the period. Finally, Alyeska Investment Group L.P. raised 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 valued at $82,836,000 after buying an additional 80,401 shares during the period. 67.66% of the stock is owned by hedge funds and other 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)

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