Barclays restated their overweight rating on shares of McDonald's (NYSE:MCD) in a research note released on Tuesday morning, Marketbeat.com reports. Barclays currently has a $205.00 price objective on the fast-food giant’s stock, up from their prior price objective of $193.00.

A number of other brokerages have also recently issued reports on MCD. Sanford C. Bernstein set a $180.00 price objective on shares of McDonald's and gave the company a buy rating in a report on Tuesday, September 19th. Credit Suisse Group set a $170.00 price objective on shares of McDonald's and gave the company a buy rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of McDonald's from a hold rating to a buy rating and set a $178.00 price objective for the company in a report on Tuesday, September 26th. Longbow Research upgraded shares of McDonald's from a neutral rating to a buy rating and lifted their price objective for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Finally, Telsey Advisory Group reiterated an outperform rating and set a $180.00 price objective (up from $170.00) on shares of McDonald's in a report on Monday, October 2nd. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $179.68.

McDonald's (NYSE MCD) traded up $1.55 during trading hours on Tuesday, reaching $176.12. 3,746,063 shares of the company’s stock were exchanged, compared to its average volume of 3,120,046. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The firm has a market capitalization of $142,660.00, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. McDonald's has a 1-year low of $119.82 and a 1-year high of $176.64.

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

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

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of McDonald's by 1.6% in the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after purchasing an additional 906,303 shares during the period. BlackRock Inc. raised its position in shares of McDonald's by 3.0% in 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 purchasing an additional 1,586,761 shares during the period. Capital World Investors raised its position in shares of McDonald's by 2.8% in the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after purchasing an additional 606,232 shares during the period. Capital Research Global Investors raised its position in shares of McDonald's by 15.0% in the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after purchasing an additional 1,572,074 shares during the period. Finally, Northern Trust Corp raised its position in shares of McDonald's by 3.1% in the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after purchasing an additional 360,212 shares during the period. 67.30% of the stock is currently 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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