Stifel Nicolaus began coverage on shares of McDonald’s Corporation (NYSE:MCD) in a research note issued to investors on Monday, MarketBeat reports. The firm issued a hold rating and a $160.00 price objective on the fast-food giant’s stock.

Several other analysts also recently issued reports on MCD. Vetr downgraded McDonald’s Corporation from a hold rating to a sell rating and set a $147.92 price target for the company. in a research note on Monday, June 5th. Credit Suisse Group AG restated an outperform rating and issued a $165.00 price target (up from $157.00) on shares of McDonald’s Corporation in a research note on Thursday, June 8th. Mizuho initiated coverage on McDonald’s Corporation in a research note on Thursday, June 8th. They issued a buy rating and a $168.00 price target for the company. Bank of America Corporation boosted their price target on McDonald’s Corporation from $165.00 to $175.00 and gave the company a buy rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC restated a hold rating and issued a $140.00 price target on shares of McDonald’s Corporation in a research note on Friday, June 16th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $164.96.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.47% on Monday, hitting $159.55. The company had a trading volume of 380,553 shares. The firm has a 50-day moving average price of $158.10 and a 200 day moving average price of $149.29. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The company has a market capitalization of $129.23 billion, a P/E ratio of 26.12 and a beta of 0.69.

McDonald’s Corporation (NYSE:MCD) last released its quarterly 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. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Equities analysts expect that McDonald’s Corporation will post $6.56 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is 61.54%.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $4,013,537.00. Following the completion of the sale, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock worth $11,033,009 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. grew its position in shares of McDonald’s Corporation by 34.0% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,586 shares of the fast-food giant’s stock valued at $562,000 after buying an additional 909 shares during the last quarter. Curbstone Financial Management Corp grew its position in shares of McDonald’s Corporation by 89.7% in the 3rd quarter. Curbstone Financial Management Corp now owns 7,342 shares of the fast-food giant’s stock valued at $1,150,000 after buying an additional 3,471 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of McDonald’s Corporation in the 2nd quarter valued at about $400,000. Burgundy Asset Management Ltd. grew its position in shares of McDonald’s Corporation by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,407,837 shares of the fast-food giant’s stock valued at $215,624,000 after buying an additional 20,067 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new stake in shares of McDonald’s Corporation in the 2nd quarter valued at about $2,242,000. Hedge funds and other institutional investors own 67.92% 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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