Goldman Sachs Group set a $180.00 price target on McDonald’s (NYSE:MCD) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the fast-food giant’s stock.

A number of other research firms have also weighed in on MCD. Barclays set a $193.00 target price on shares of McDonald’s and gave the stock a buy rating in a report on Friday, December 8th. ValuEngine lowered shares of McDonald’s from a buy rating to a hold rating in a report on Friday, December 1st. Jefferies Group upgraded shares of McDonald’s from a hold rating to a buy rating and raised their price objective for the stock from $150.00 to $200.00 in a report on Tuesday, December 5th. Deutsche Bank set a $185.00 price objective on shares of McDonald’s and gave the stock a buy rating in a report on Friday, October 20th. Finally, Argus restated a buy rating on shares of McDonald’s in a report on Tuesday, October 17th. 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 company has a consensus rating of Buy and a consensus price target of $175.05.

McDonald’s (NYSE:MCD) traded up $0.92 during trading on Tuesday, hitting $174.06. 7,435,238 shares of the stock were exchanged, compared to its average volume of 2,778,496. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $138,024.72, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.83 and a beta of 0.67. McDonald’s has a one year low of $118.18 and a one year high of $175.09.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. sell-side analysts anticipate that McDonald’s will post 6.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $1.01 per share. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC increased its position in shares of McDonald’s by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of McDonald’s by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC increased its position in shares of McDonald’s by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after acquiring an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of McDonald’s by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after acquiring an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of McDonald’s by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after acquiring an additional 1,586,761 shares in the last quarter. 67.40% of the stock is owned by institutional investors and hedge funds.

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About McDonald’s

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 (NYSE:MCD)

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