Vetr cut shares of McDonald’s Corp. (NYSE:MCD) from a buy rating to a hold rating in a research report sent to investors on Wednesday. They currently have $121.01 price target on the fast-food giant’s stock.

A number of other equities analysts have also commented on MCD. Sanford C. Bernstein initiated coverage on McDonald’s Corp. in a research note on Thursday, May 26th. They set a market perform rating and a $129.00 price objective on the stock. Nomura restated a buy rating on shares of McDonald’s Corp. in a research note on Thursday, June 2nd. Credit Agricole SA restated a sell rating and set a $128.00 price objective on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Longbow Research reaffirmed a hold rating on shares of McDonald’s Corp. in a report on Wednesday, June 8th. Finally, Royal Bank Of Canada reaffirmed an outperform rating on shares of McDonald’s Corp. in a report on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. McDonald’s Corp. presently has a consensus rating of Hold and an average price target of $126.62.

Shares of McDonald’s Corp. (NYSE:MCD) opened at 116.93 on Wednesday. The company has a market cap of $99.78 billion, a P/E ratio of 22.33 and a beta of 0.59. McDonald’s Corp. has a 52-week low of $95.78 and a 52-week high of $131.96. The stock’s 50 day moving average price is $116.54 and its 200-day moving average price is $122.25.

McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a return on equity of 97.56% and a net margin of 18.73%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $0.89 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 annualized dividend and a yield of 3.04%. McDonald’s Corp.’s payout ratio is 68.59%.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC boosted its stake in shares of McDonald’s Corp. by 49.3% in the second quarter. Janus Capital Management LLC now owns 4,192,114 shares of the fast-food giant’s stock worth $504,479,000 after buying an additional 1,383,391 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of McDonald’s Corp. during the second quarter worth about $158,428,000. Societe Generale acquired a new stake in shares of McDonald’s Corp. during the second quarter worth about $151,614,000. Acadian Asset Management LLC boosted its stake in shares of McDonald’s Corp. by 206.9% in the first quarter. Acadian Asset Management LLC now owns 1,557,654 shares of the fast-food giant’s stock worth $195,770,000 after buying an additional 1,050,070 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of McDonald’s Corp. by 4.1% in the second quarter. BlackRock Fund Advisors now owns 16,763,162 shares of the fast-food giant’s stock worth $2,017,279,000 after buying an additional 655,395 shares during the last quarter. Institutional investors and hedge funds own 69.10% of the company’s stock.

About McDonald’s Corp.

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.

5 Day Chart for NYSE:MCD

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