McDonald’s Corp. (NYSE:MCD) shares shot up 1.8% during trading on Tuesday . The company traded as high as $126.15 and last traded at $126.00, with a volume of 3,066,402 shares trading hands. The stock had previously closed at $123.80.

A number of research firms have recently weighed in on MCD. JPMorgan Chase & Co. reissued a “buy” rating and set a $127.00 price objective on shares of McDonald’s Corp. in a research note on Saturday, April 2nd. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Sunday, April 17th. Zacks Investment Research lowered McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Nomura lowered McDonald’s Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd. Finally, Independent Research GmbH set a $110.00 price objective on McDonald’s Corp. and gave the company a “sell” rating in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company. McDonald’s Corp. has an average rating of “Hold” and an average price target of $127.43.

The firm has a market cap of $110.88 billion and a P/E ratio of 24.27. The company has a 50-day moving average price of $121.61 and a 200-day moving average price of $122.41.

McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Friday, April 22nd. The fast-food giant reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.07. During the same quarter last year, the firm earned $1.01 earnings per share. The firm earned $5.90 billion during the quarter, compared to analyst estimates of $5.82 billion. McDonald’s Corp.’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts anticipate that McDonald’s Corp. will post $5.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $3.56 dividend on an annualized basis and a yield of 2.88%.

In other McDonald’s Corp. news, CFO Kevin M. Ozan sold 13,007 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $125.07, for a total value of $1,626,785.49. Following the transaction, the chief financial officer now directly owns 14,400 shares in the company, valued at $1,801,008. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian Mullens sold 845 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $128.93, for a total transaction of $108,945.85. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the company. KBC Group NV raised its position in shares of McDonald’s Corp. by 95.3% in the fourth quarter. KBC Group NV now owns 142,739 shares of the fast-food giant’s stock worth $16,864,000 after buying an additional 69,641 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of McDonald’s Corp. by 47.8% in the fourth quarter. State of Tennessee Treasury Department now owns 591,139 shares of the fast-food giant’s stock worth $69,837,000 after buying an additional 191,139 shares during the last quarter. Employees Retirement System of Texas raised its position in shares of McDonald’s Corp. by 232.1% in the fourth quarter. Employees Retirement System of Texas now owns 280,000 shares of the fast-food giant’s stock worth $33,079,000 after buying an additional 195,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of McDonald’s Corp. by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,955,197 shares of the fast-food giant’s stock worth $231,004,000 after buying an additional 112,261 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of McDonald’s Corp. by 11.0% in the fourth quarter. Stephens Inc. AR now owns 133,805 shares of the fast-food giant’s stock worth $15,808,000 after buying an additional 13,208 shares during the last quarter.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.