McDonald’s Corporation (NYSE:MCD)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report released on Monday, October 2nd. They presently have a $180.00 target price on the fast-food giant’s stock, up from their previous target price of $170.00. Telsey Advisory Group’s price objective suggests a potential upside of 8.85% from the company’s current price.

Several other equities research analysts have also weighed in on MCD. Vetr lowered shares of McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $147.92 target price on the stock. in a report on Monday, June 5th. Credit Suisse Group reiterated an “outperform” rating and issued a $165.00 target price (up from $157.00) on shares of McDonald’s Corporation in a report on Thursday, June 8th. Mizuho initiated coverage on shares of McDonald’s Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $168.00 target price on the stock. Bank of America Corporation increased their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a report on Friday, June 16th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $167.83.

McDonald’s Corporation (MCD) traded up 0.89% during trading on Monday, reaching $165.37. 2,957,929 shares of the company’s stock traded hands. The company has a market cap of $133.95 billion, a P/E ratio of 27.07 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $165.51. The firm’s 50 day moving average is $158.72 and its 200 day moving average is $150.71.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. Analysts anticipate that McDonald’s Corporation will post $6.56 EPS for the current year.

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In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

A number of institutional investors have recently modified their holdings of MCD. Phocas Financial Corp. acquired a new position in shares of McDonald’s Corporation in the 2nd quarter valued at approximately $107,000. Orrstown Financial Services Inc. raised its position in shares of McDonald’s Corporation by 17.2% in the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of McDonald’s Corporation by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC raised its position in shares of McDonald’s Corporation by 9.4% in the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s Corporation in the 1st quarter valued at approximately $146,000. Institutional investors and hedge funds own 67.92% of the company’s stock.

About McDonald’s Corporation

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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