McDonald's Co. (NYSE:MCD)‘s stock had its “buy” rating reaffirmed by Royal Bank of Canada in a research report issued on Friday. They currently have a $155.00 target price on the fast-food giant’s stock. Royal Bank of Canada’s price target suggests a potential upside of 1.45% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein upgraded shares of McDonald's Co. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $129.00 to $160.00 in a research report on Tuesday, April 18th. BMO Capital Markets reiterated a “buy” rating and issued a $159.00 target price on shares of McDonald's Co. in a research report on Thursday, April 27th. Argus upgraded shares of McDonald's Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $140.84 to $158.00 in a research report on Thursday, April 27th. Nomura increased their target price on shares of McDonald's Co. from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, April 20th. Finally, Piper Jaffray Companies increased their target price on shares of McDonald's Co. from $140.00 to $153.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $142.71.

Analyst Recommendations for McDonald's Co. (NYSE:MCD)

Shares of McDonald's Co. (NYSE:MCD) traded down 0.43% during trading on Friday, hitting $152.13. 620,595 shares of the company’s stock were exchanged. McDonald's Co. has a 12-month low of $110.33 and a 12-month high of $153.90. The company has a market cap of $124.00 billion, a P/E ratio of 26.85 and a beta of 0.69. The company has a 50-day moving average of $143.88 and a 200-day moving average of $129.68.

McDonald's Co. (NYSE:MCD) last issued its earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. McDonald's Co. had a net margin of 18.93% and a return on equity of 514.39%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. On average, equities analysts expect that McDonald's Co. will post $6.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 5th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, June 1st. This represents a $3.76 dividend on an annualized basis and a yield of 2.46%. McDonald's Co.’s payout ratio is currently 69.37%.

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In other news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the transaction, the vice president now directly owns 14,608 shares in the company, valued at $2,065,425.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Mulligan bought 1,600 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were acquired at an average price of $128.94 per share, for a total transaction of $206,304.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at approximately $206,304. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in MCD. Aviance Capital Management LLC raised its position in shares of McDonald's Co. by 11.1% in the third quarter. Aviance Capital Management LLC now owns 224,022 shares of the fast-food giant’s stock worth $25,843,000 after buying an additional 22,358 shares during the period. Douglass Winthrop Advisors LLC raised its position in shares of McDonald's Co. by 1.6% in the third quarter. Douglass Winthrop Advisors LLC now owns 50,037 shares of the fast-food giant’s stock worth $5,772,000 after buying an additional 800 shares during the period. Prudential PLC raised its position in shares of McDonald's Co. by 52.3% in the fourth quarter. Prudential PLC now owns 25,116 shares of the fast-food giant’s stock worth $3,056,000 after buying an additional 8,626 shares during the period. Zurich Insurance Group Ltd FI raised its position in shares of McDonald's Co. by 21.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 135,024 shares of the fast-food giant’s stock worth $16,435,000 after buying an additional 23,547 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of McDonald's Co. during the third quarter worth about $48,954,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

About McDonald's Co.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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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