RBC Capital Markets set a $140.00 price objective on McDonald’s Corp. (NYSE:MCD) in a report issued on Thursday morning. The firm currently has a a buy rating on the fast-food giant’s stock.

A number of other research firms also recently weighed in on MCD. Zacks Investment Research downgraded shares of McDonald’s Corp. from a buy rating to a hold rating in a research note on Tuesday, October 4th. Jefferies Group reaffirmed a hold rating on shares of McDonald’s Corp. in a research note on Friday, August 5th. Deutsche Bank AG reaffirmed a buy rating on shares of McDonald’s Corp. in a research note on Wednesday, August 10th. Vetr raised shares of McDonald’s Corp. from a hold rating to a buy rating and set a $121.01 price target on the stock in a research note on Wednesday, September 28th. Finally, Nomura set a $126.00 price target on shares of McDonald’s Corp. and gave the stock a neutral rating in a research note on Monday, October 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $126.47.

Analyst Recommendations for McDonald`s Corp. (NYSE:MCD)

McDonald’s Corp. (NYSE:MCD) traded up 0.48% during trading on Thursday, hitting $120.02. 1,306,218 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $113.86 and its 200 day moving average price is $119.08. McDonald’s Corp. has a 12-month low of $110.33 and a 12-month high of $131.96. The stock has a market cap of $99.67 billion, a P/E ratio of 22.55 and a beta of 0.63.

McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.13. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business earned $1.40 earnings per share. McDonald’s Corp.’s revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, November 29th. McDonald’s Corp.’s payout ratio is presently 67.30%.

In related news, Chairman Andrew J. Mckenna sold 30,000 shares of the company’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $113.48, for a total transaction of $3,404,400.00. Following the completion of the transaction, the chairman now directly owns 72,514 shares in the company, valued at approximately $8,228,888.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $118.08, for a total transaction of $979,827.84. Following the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at $1,741,680. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Mount Lucas Management LP bought a new position in McDonald’s Corp. during the first quarter valued at approximately $3,085,000. LPL Financial LLC raised its stake in shares of McDonald’s Corp. by 6.9% in the first quarter. LPL Financial LLC now owns 366,489 shares of the fast-food giant’s stock valued at $46,667,000 after buying an additional 23,678 shares during the period. Sapphire Star Partners LP raised its stake in shares of McDonald’s Corp. by 100.0% in the first quarter. Sapphire Star Partners LP now owns 71,002 shares of the fast-food giant’s stock valued at $8,388,000 after buying an additional 35,501 shares during the period. Financial Strategy Network LLC raised its stake in shares of McDonald’s Corp. by 1.8% in the first quarter. Financial Strategy Network LLC now owns 3,963 shares of the fast-food giant’s stock valued at $509,000 after buying an additional 71 shares during the period. Finally, Magnetar Financial LLC raised its stake in shares of McDonald’s Corp. by 17.8% in the first quarter. Magnetar Financial LLC now owns 2,218 shares of the fast-food giant’s stock valued at $279,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 67.80% 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

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