McDonald’s Corporation (NYSE:MCD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a report released on Monday. They presently have a $180.00 price objective on the fast-food giant’s stock, up from their prior price objective of $170.00. Telsey Advisory Group’s price objective points to a potential upside of 14.75% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Longbow Research reissued a “neutral” rating on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Barclays PLC set a $164.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $164.96.

McDonald’s Corporation (MCD) opened at 156.86 on Monday. The firm has a market capitalization of $127.06 billion, a P/E ratio of 25.68 and a beta of 0.69. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $161.72. The stock’s 50 day moving average price is $158.11 and its 200 day moving average price is $149.16.

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, topping analysts’ consensus estimates of $1.62 by $0.08. The business had revenue of $6.05 billion for 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 264.89%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. On average, equities analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

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In other news, EVP David Ogden Fairhurst sold 4,782 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the transaction, the executive vice president now directly owns 6,954 shares in the company, valued at approximately $1,092,125.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated 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 transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Jennison Associates LLC raised its holdings 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. Janus Henderson Group PLC lifted its position in McDonald’s Corporation by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares in the last quarter. FMR LLC lifted its position in McDonald’s Corporation by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. lifted its position in McDonald’s Corporation by 69.9% during 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 in the last quarter. Finally, BlackRock Inc. lifted its position in McDonald’s Corporation by 3.0% during 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 in the last quarter. Institutional investors and hedge funds own 67.92% 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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