McDonald’s Corp. (NYSE:MCD) saw unusually-high trading volume on Thursday . Approximately 4,066,930 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 4,303,629 shares.The stock last traded at $115.44 and had previously closed at $114.87.

MCD has been the subject of a number of analyst reports. Nomura reissued a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. Zacks Investment Research raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Tuesday, May 3rd. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $133.47 price target for the company in a research report on Tuesday, May 17th. JPMorgan Chase & Co. set a $130.00 price target on McDonald’s Corp. and gave the company a “buy” rating in a research report on Tuesday, July 12th. Finally, RBC Capital Markets reissued a “buy” rating and issued a $140.00 price target on shares of McDonald’s Corp. in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $125.48.

The firm’s 50 day moving average is $120.17 and its 200-day moving average is $122.45. The stock has a market cap of $98.50 billion and a P/E ratio of 22.04.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp.’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. Equities research analysts predict that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, August 30th.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which is available through this link.

A number of institutional investors have recently made changes to their positions in MCD. Mandatum Life Insurance Co Ltd purchased a new position in shares of McDonald’s Corp. during the fourth quarter worth approximately $1,514,000. Cypress Asset Management Inc. TX raised its position in shares of McDonald’s Corp. by 23.7% in the fourth quarter. Cypress Asset Management Inc. TX now owns 14,041 shares of the fast-food giant’s stock worth $1,659,000 after buying an additional 2,689 shares during the last quarter. Dai Ichi Life Insurance CO. LTD. raised its position in shares of McDonald’s Corp. by 27.5% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 119,487 shares of the fast-food giant’s stock worth $14,116,000 after buying an additional 25,799 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of McDonald’s Corp. by 3.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 136,420 shares of the fast-food giant’s stock worth $16,117,000 after buying an additional 4,813 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of McDonald’s Corp. by 77.4% in the fourth quarter. Victory Capital Management Inc. now owns 38,081 shares of the fast-food giant’s stock worth $4,499,000 after buying an additional 16,620 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.

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