Credit Suisse Group set a $170.00 target price on McDonald’s Corporation (NYSE:MCD) in a research report released on Wednesday. The firm currently has a buy rating on the fast-food giant’s stock.

Other equities research analysts have also recently issued reports about the company. Nomura set a $172.00 price target on McDonald’s Corporation and gave the company a buy rating in a report on Wednesday, July 19th. Wells Fargo & Company reaffirmed an outperform rating and set a $175.00 price target (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the company a buy rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price target on McDonald’s Corporation and gave the company a buy rating in a report on Thursday, July 27th. Finally, Mizuho initiated coverage on McDonald’s Corporation in a report on Thursday, June 8th. They set a buy rating and a $168.00 price target for the company. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $162.26.

McDonald’s Corporation (MCD) opened at 158.91 on Wednesday. The stock has a 50 day moving average price of $157.70 and a 200 day moving average price of $147.07. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72. The company has a market cap of $128.72 billion, a PE ratio of 26.01 and a beta of 0.70.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 61.54%.

In other news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,938 shares of company stock worth $11,033,009. Corporate insiders own 0.24% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Phocas Financial Corp. bought a new stake in shares of McDonald’s Corporation in the second quarter valued at about $107,000. Orrstown Financial Services Inc. lifted its holdings in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after purchasing an additional 104 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after purchasing an additional 346 shares in the last quarter. Vigilant Capital Management LLC lifted its holdings in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of McDonald’s Corporation in the first quarter valued at about $146,000. Institutional investors own 67.92% of the company’s stock.

About McDonald’s Corporation

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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