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

Several brokerages have weighed in on MCD. Zacks Investment Research upgraded McDonald’s Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co. reiterated a “market perform” rating and issued a $1.41 target price on shares of McDonald’s Corp. in a report on Wednesday. Nomura set a $129.00 target price on McDonald’s Corp. and gave the stock a “neutral” rating in a report on Wednesday. Cowen and Company reiterated a “hold” rating on shares of McDonald’s Corp. in a report on Monday. Finally, Vetr cut McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 target price for the company. in a report on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $123.05.

The company has a market cap of $110.66 billion and a PE ratio of 24.22. The company has a 50 day moving average price of $121.86 and a 200 day moving average price of $122.46.

McDonald’s Corp. (NYSE:MCD) last released its earnings results on Friday, April 22nd. The fast-food giant reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.07. During the same quarter last year, the business posted $1.01 earnings per share. The company earned $5.90 billion during the quarter, compared to analysts’ expectations of $5.82 billion. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that McDonald’s Corp. will post $5.53 EPS for the current fiscal year.

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

Other hedge funds have made changes to their positions in the company. AMG National Trust Bank increased its stake in shares of McDonald’s Corp. by 3.9% in the fourth quarter. AMG National Trust Bank now owns 8,844 shares of the fast-food giant’s stock worth $1,045,000 after buying an additional 334 shares during the period. Vaughan David Investments Inc. IL increased its stake in shares of McDonald’s Corp. by 1.0% in the fourth quarter. Vaughan David Investments Inc. IL now owns 9,040 shares of the fast-food giant’s stock worth $1,068,000 after buying an additional 90 shares during the period. Courier Capital Corp increased its stake in shares of McDonald’s Corp. by 11.4% in the fourth quarter. Courier Capital Corp now owns 9,389 shares of the fast-food giant’s stock worth $1,109,000 after buying an additional 958 shares during the period. Schnieders Capital Management LLC increased its stake in shares of McDonald’s Corp. by 2.7% in the fourth quarter. Schnieders Capital Management LLC now owns 9,688 shares of the fast-food giant’s stock worth $1,145,000 after buying an additional 259 shares during the period. Finally, Calamos Wealth Management LLC increased its stake in shares of McDonald’s Corp. by 6.6% in the fourth quarter. Calamos Wealth Management LLC now owns 9,787 shares of the fast-food giant’s stock worth $1,156,000 after buying an additional 605 shares during the period.

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.

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