Nomura set a $122.00 target price on McDonald’s Corp. (NYSE:MCD) in a report released on Monday. The brokerage currently has a a neutral rating on the fast-food giant’s stock.

Other research analysts also recently issued research reports about the stock. RBC Capital Markets reiterated a buy rating and set a $140.00 price target on shares of McDonald’s Corp. in a research report on Friday, July 22nd. JPMorgan Chase & Co. set a $130.00 target price on shares of McDonald’s Corp. and gave the company a buy rating in a research report on Tuesday, July 12th. Vetr upgraded shares of McDonald’s Corp. from a hold rating to a buy rating and set a $128.73 target price on the stock in a research report on Tuesday, July 26th. Deutsche Bank AG cut their target price on shares of McDonald’s Corp. from $140.00 to $135.00 and set a buy rating on the stock in a research report on Wednesday, July 27th. Finally, SunTrust Banks Inc. set a $138.00 target price on shares of McDonald’s Corp. and gave the company a buy rating in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $126.27.

Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.39% on Monday, reaching $111.97. 1,124,172 shares of the company were exchanged. McDonald’s Corp. has a 12 month low of $102.08 and a 12 month high of $131.96. The stock has a 50 day moving average price of $115.30 and a 200-day moving average price of $121.25. The stock has a market capitalization of $95.55 billion, a P/E ratio of 21.38 and a beta of 0.61.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. On average, equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.94 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s dividend payout ratio (DPR) is presently 68.59%.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock worth $129,275,000 after buying an additional 268,464 shares in the last quarter. Pennsylvania Trust Co boosted its position in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock worth $13,027,000 after buying an additional 3,477 shares in the last quarter. Oakbrook Investments LLC boosted its position in McDonald’s Corp. by 3.7% in the second quarter. Oakbrook Investments LLC now owns 87,291 shares of the fast-food giant’s stock worth $10,505,000 after buying an additional 3,100 shares in the last quarter. UMB Bank N A MO boosted its position in McDonald’s Corp. by 33.0% in the second quarter. UMB Bank N A MO now owns 146,652 shares of the fast-food giant’s stock worth $17,648,000 after buying an additional 36,421 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock worth $27,345,000 after buying an additional 7,714 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

About McDonald’s Corp.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

Receive News & Stock Ratings for McDonald's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corp. and related stocks with our FREE daily email newsletter.