McDonald’s Corp. (NYSE:MCD) gapped up before the market opened 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 changing hands.

Several equities research analysts recently issued reports on MCD shares. Cowen and Company reaffirmed 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. Credit Suisse Group AG lifted their price target on shares of McDonald’s Corp. from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, March 29th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price target (up from $132.00) on shares of McDonald’s Corp. in a report on Thursday, March 31st. Vetr lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $131.19 target price on the stock. in a report on Monday, April 4th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $127.00 target price on shares of McDonald’s Corp. in a report on Saturday, April 2nd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. McDonald’s Corp. presently has a consensus rating of “Hold” and a consensus price target of $127.97.

The firm’s 50-day moving average is $122.21 and its 200-day moving average is $122.57. The company has a market capitalization of $112.59 billion and a P/E ratio of 24.65.

McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Friday, April 22nd. The fast-food giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The company earned $5.90 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the firm earned $1.01 EPS. McDonald’s Corp.’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Corp. will post $5.53 EPS for the current year.

In other news, 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 completion of the transaction, the chief financial officer now owns 14,400 shares of the company’s stock, valued at approximately $1,801,008. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $108,945.85. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its position in McDonald’s Corp. by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 22,438 shares of the fast-food giant’s stock valued at $2,651,000 after buying an additional 69 shares in the last quarter. Vaughan David Investments Inc. IL raised its position 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. Independent Investors Inc. raised its position in shares of McDonald’s Corp. by 0.4% in the fourth quarter. Independent Investors Inc. now owns 23,900 shares of the fast-food giant’s stock worth $2,823,000 after buying an additional 100 shares during the period. Wetherby Asset Management Inc. raised its position in shares of McDonald’s Corp. by 0.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 20,138 shares of the fast-food giant’s stock worth $2,379,000 after buying an additional 162 shares during the period. Finally, Legacy Capital Partners Inc. raised its position in shares of McDonald’s Corp. by 0.8% in the fourth quarter. Legacy Capital Partners Inc. now owns 24,171 shares of the fast-food giant’s stock worth $2,856,000 after buying an additional 200 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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