Royal Bank Of Canada reiterated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a report released on Friday morning. They currently have a $175.00 price objective on the fast-food giant’s stock.

Several other equities research analysts also recently weighed in on the stock. Robert W. Baird reiterated a buy rating and set a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, September 1st. BidaskClub upgraded shares of McDonald’s Corporation from a hold rating to a buy rating in a research note on Monday, August 14th. Bank of America Corporation reiterated a buy rating and set a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Vetr upgraded shares of McDonald’s Corporation from a sell rating to a hold rating and set a $159.47 target price for the company in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of McDonald’s Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $162.16.

McDonald’s Corporation (NYSE:MCD) opened at 159.71 on Friday. The firm has a market cap of $129.36 billion, a PE ratio of 26.14 and a beta of 0.70. The stock has a 50 day moving average price of $157.31 and a 200 day moving average price of $145.32. McDonald’s Corporation has a one year low of $110.33 and a one year high of $160.38.

McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a yield of 2.35%. McDonald’s Corporation’s payout ratio is currently 61.54%.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. purchased a new stake in McDonald’s Corporation in the 2nd quarter worth approximately $107,000. Orrstown Financial Services Inc. boosted its holdings in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after purchasing an additional 346 shares during the last quarter. Vigilant Capital Management LLC boosted its holdings in shares of McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s Corporation in the 1st quarter valued at $146,000. 67.96% 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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