Shares of McDonald’s Corp. (NYSE:MCD) fell 4.2% during mid-day trading on Tuesday . The stock traded as low as $120.97 and last traded at $121.99, with a volume of 10,146,492 shares traded. The stock had previously closed at $127.40.

Several analysts recently weighed in on the company. Citigroup Inc. reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Saturday, April 23rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of McDonald’s Corp. in a research note on Sunday, April 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $127.00 price objective on shares of McDonald’s Corp. in a research note on Saturday, April 2nd. Zacks Investment Research lowered McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Nomura lowered McDonald’s Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. McDonald’s Corp. currently has a consensus rating of “Hold” and a consensus price target of $127.97.

The stock’s 50 day moving average is $122.38 and its 200 day moving average is $122.71. The stock has a market cap of $106.84 billion and a PE ratio of 23.39.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business earned $6.27 billion during the quarter, compared to analysts’ expectations of $6.28 billion. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. Equities research analysts predict that McDonald’s Corp. will post $5.53 EPS for the current year.

In other news, insider Brian Mullens sold 845 shares of McDonald’s Corp. stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $128.93, for a total transaction of $108,945.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors have recently added to or reduced their stakes in the company. AMG National Trust Bank boosted its stake in 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 valued at $1,045,000 after buying an additional 334 shares during the period. Vaughan David Investments Inc. IL boosted its stake in 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 valued at $1,068,000 after buying an additional 90 shares during the period. Courier Capital Corp boosted its stake in 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 valued at $1,109,000 after buying an additional 958 shares during the period. Schnieders Capital Management LLC boosted its stake in 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 valued at $1,145,000 after buying an additional 259 shares during the period. Finally, Calamos Wealth Management LLC boosted its stake in 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 valued at $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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