Mizuho restated their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a report released on Wednesday morning. They currently have a $173.00 target price on the fast-food giant’s stock, up from their prior target price of $170.00.

Several other research firms have also issued reports on MCD. BTIG Research lifted their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a buy rating in a report on Thursday, June 29th. Sanford C. Bernstein reiterated an outperform rating and set a $170.00 target price (up from $160.00) on shares of McDonald’s Corporation in a report on Thursday, May 25th. Piper Jaffray Companies reiterated a buy rating and set a $153.00 target price on shares of McDonald’s Corporation in a report on Friday, July 14th. Jefferies Group LLC reiterated a hold rating and set a $140.00 target price on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Finally, Bank of America Corporation lifted their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a buy rating in a report on Tuesday, June 13th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $162.26.

Shares of McDonald’s Corporation (NYSE MCD) opened at 156.92 on Wednesday. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The firm’s 50-day moving average price is $157.61 and its 200-day moving average price is $146.38. The company has a market capitalization of $127.10 billion, a price-to-earnings ratio of 25.69 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same period last year, the business earned $1.45 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,938 shares of company stock worth $11,033,009. Insiders own 0.24% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. bought a new position in McDonald’s Corporation during the 2nd quarter valued at about $322,000. Phocas Financial Corp. bought a new position in McDonald’s Corporation during the 2nd quarter valued at about $107,000. Orrstown Financial Services Inc. grew its holdings in McDonald’s Corporation by 17.2% during 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 grew its holdings in McDonald’s Corporation by 87.8% during 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. Finally, Vigilant Capital Management LLC grew its holdings in McDonald’s Corporation by 9.4% during 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. Institutional investors own 67.96% 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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