McDonald’s Corp. (NYSE:MCD) gapped up prior to trading on Friday . The stock had previously closed at $127.12, but opened at $127.18. McDonald’s Corp. shares last traded at $128.15, with a volume of 2,309,049 shares traded.

Several equities research analysts recently weighed in on MCD shares. Nomura Holdings Inc. lowered McDonald’s Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $142.00 to $129.00 in a report on Wednesday, June 22nd. Zacks Investment Research lowered McDonald’s Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Evercore ISI assumed coverage on McDonald’s Corp. in a report on Monday, April 4th. They set a “hold” rating for the company. Credit Agricole SA reiterated a “sell” rating and set a $128.00 price target on shares of McDonald’s Corp. in a report on Wednesday, June 8th. Finally, Cowen and Company reiterated a “market perform” rating and set a $125.00 price target (up from $116.00) on shares of McDonald’s Corp. in a report on Monday, March 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.49.

The company has a 50 day moving average price of $122.21 and a 200-day moving average price of $122.57. The firm has a market cap of $112.59 billion and a P/E ratio of 24.65.

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

In related news, insider Brian Mullens sold 845 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is accessible through this link. Also, CFO Kevin M. Ozan sold 13,007 shares of the business’s stock in a transaction on 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 owns 14,400 shares in the company, valued at approximately $1,801,008. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of McDonald’s Corp. by 255.4% in the fourth quarter. Jennison Associates LLC now owns 7,780,691 shares of the fast-food giant’s stock worth $919,211,000 after buying an additional 5,591,608 shares in the last quarter. Morgan Stanley raised its stake in shares of McDonald’s Corp. by 6.5% in the fourth quarter. Morgan Stanley now owns 5,971,939 shares of the fast-food giant’s stock worth $705,526,000 after buying an additional 362,294 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of McDonald’s Corp. by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,715,792 shares of the fast-food giant’s stock worth $438,984,000 after buying an additional 55,187 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of McDonald’s Corp. by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 2,654,820 shares of the fast-food giant’s stock worth $313,640,000 after buying an additional 84,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 in 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.