Mizuho reaffirmed their buy rating on shares of McDonald’s Corporation (NYSE:MCD) in a research report sent to investors on Wednesday morning. Mizuho currently has a $173.00 price objective on the fast-food giant’s stock, up from their previous price objective of $170.00.

Several other equities analysts have also commented on the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research note on Friday, September 8th. Robert W. Baird reaffirmed a buy rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research note on Friday, September 1st. BidaskClub raised McDonald’s Corporation from a hold rating to a buy rating in a research note on Monday, August 14th. Bank of America Corporation reaffirmed a buy rating and issued a $175.00 price target on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Vetr raised McDonald’s Corporation from a sell rating to a hold rating and set a $159.47 price target on the stock in a research note on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $162.26.

McDonald’s Corporation (NYSE:MCD) traded down 0.275% during mid-day trading on Wednesday, reaching $156.568. The company’s stock had a trading volume of 1,309,876 shares. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The stock has a market cap of $126.82 billion, a price-to-earnings ratio of 25.629 and a beta of 0.70. The firm’s 50 day moving average price is $157.66 and its 200 day moving average price is $146.02.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

In related news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the completion of the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,938 shares of company stock valued at $11,033,009. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. boosted its position in shares of McDonald’s Corporation by 7.7% in the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after purchasing an additional 355 shares during the period. Holderness Investments Co. boosted its position in shares of McDonald’s Corporation by 323.7% in the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 8,090 shares during the period. Bridges Investment Counsel Inc. boosted its position in shares of McDonald’s Corporation by 69.6% in the 2nd quarter. Bridges Investment Counsel Inc. now owns 41,842 shares of the fast-food giant’s stock valued at $6,409,000 after purchasing an additional 17,173 shares during the period. Cypress Asset Management Inc. TX boosted its position in shares of McDonald’s Corporation by 136.4% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after purchasing an additional 16,315 shares during the period. Finally, Sterling Investment Management Inc. boosted its position in shares of McDonald’s Corporation by 4.9% in the 1st quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after purchasing an additional 536 shares during the period. 67.96% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Corporation Company Profile

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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

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