McDonald’s Corp. (NYSE:MCD) has been given a $113.00 price objective by investment analysts at Goldman Sachs Group Inc. in a research note issued on Tuesday. The firm presently has a “neutral” rating on the fast-food giant’s stock. Goldman Sachs Group Inc.’s price target points to a potential downside of 5.94% from the company’s previous close.

MCD has been the topic of a number of other reports. Deutsche Bank AG dropped 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. Canaccord Genuity reaffirmed a “hold” rating and issued a $122.00 target price on shares of McDonald’s Corp. in a research report on Sunday, October 23rd. RBC Capital Markets reaffirmed an “outperform” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Robert W. Baird reaffirmed an “outperform” rating on shares of McDonald’s Corp. in a research report on Thursday, September 8th. Finally, Argus downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $131.96 to $87.50 in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. McDonald’s Corp. presently has a consensus rating of “Hold” and a consensus price target of $126.51.

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

McDonald’s Corp. (NYSE:MCD) opened at 120.14 on Tuesday. The stock has a market cap of $99.77 billion, a PE ratio of 22.57 and a beta of 0.63. The firm has a 50-day moving average of $114.45 and a 200-day moving average of $118.74. McDonald’s Corp. has a 12-month low of $110.33 and a 12-month high of $131.96.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Friday, October 21st. The fast-food giant reported $1.62 EPS for the quarter, beating 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 company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm posted $1.40 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts predict that McDonald’s Corp. will post $5.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 3.13%. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s payout ratio is presently 67.30%.

In other McDonald’s Corp. news, VP James R. Sappington sold 8,298 shares of McDonald’s Corp. stock in a transaction that occurred 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 directly owns 14,750 shares of the company’s stock, valued at $1,741,680. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Andrew J. Mckenna sold 30,000 shares of McDonald’s Corp. stock in a transaction that occurred 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 transaction, the chairman now directly owns 72,514 shares in the company, valued at $8,228,888.72. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steinberg Global Asset Management boosted its position in shares of McDonald’s Corp. by 1.0% in the first quarter. Steinberg Global Asset Management now owns 2,479 shares of the fast-food giant’s stock worth $312,000 after buying an additional 24 shares during the period. Magnetar Financial LLC boosted its position 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 worth $279,000 after buying an additional 335 shares during the period. Financial Strategy Network LLC boosted its position 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 worth $509,000 after buying an additional 71 shares during the period. Sapphire Star Partners LP boosted its position 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 worth $8,388,000 after buying an additional 35,501 shares during the period. Finally, LPL Financial LLC boosted its position 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 worth $46,667,000 after buying an additional 23,678 shares during the period. 69.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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