McDonald’s Corporation (NYSE:MCD) received a $185.00 price objective from Deutsche Bank AG in a research report issued on Friday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 11.24% from the company’s current price.

Several other brokerages also recently weighed in 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. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $153.00 target price on shares of McDonald’s Corporation in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of McDonald’s Corporation in a report on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $168.64.

McDonald’s Corporation (NYSE MCD) opened at 166.30 on Friday. The firm has a market cap of $134.70 billion, a P/E ratio of 27.22 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.83 and a 12 month high of $167.90. The firm has a 50 day moving average of $159.62 and a 200-day moving average of $152.01.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, equities research analysts forecast that McDonald’s Corporation will post $6.56 earnings per share for the current year.

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In related news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s 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 in the company, valued at $1,092,125.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. grew its stake in McDonald’s Corporation by 61.2% during the third quarter. APG Asset Management N.V. now owns 3,033,622 shares of the fast-food giant’s stock worth $475,308,000 after buying an additional 1,151,500 shares during the period. Barometer Capital Management Inc. grew its stake in McDonald’s Corporation by 917.1% during the third quarter. Barometer Capital Management Inc. now owns 62,550 shares of the fast-food giant’s stock worth $9,800,000 after buying an additional 56,400 shares during the period. Carnick & Kubik Group LLC purchased a new stake in McDonald’s Corporation during the third quarter worth approximately $494,000. Clearwater Capital Partners LLC grew its stake in McDonald’s Corporation by 22.1% during the third quarter. Clearwater Capital Partners LLC now owns 1,931 shares of the fast-food giant’s stock worth $309,000 after buying an additional 349 shares during the period. Finally, Financial Advisory Service Inc. grew its stake in McDonald’s Corporation by 13.9% during the third quarter. Financial Advisory Service Inc. now owns 7,671 shares of the fast-food giant’s stock worth $1,202,000 after buying an additional 935 shares during the period. 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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