Barclays set a $198.00 price target on Mcdonald’s (NYSE:MCD) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the fast-food giant’s stock.

Other analysts also recently issued research reports about the company. Goldman Sachs Group reaffirmed a buy rating and issued a $179.00 price objective on shares of Mcdonald’s in a research note on Monday, July 30th. Royal Bank of Canada reaffirmed a buy rating and issued a $175.00 price objective on shares of Mcdonald’s in a research note on Thursday, August 16th. Cowen reaffirmed a buy rating and issued a $190.00 price objective on shares of Mcdonald’s in a research note on Friday, July 27th. Jefferies Financial Group reaffirmed a buy rating and issued a $190.00 price objective on shares of Mcdonald’s in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and issued a $175.00 price objective on shares of Mcdonald’s in a research note on Monday, September 17th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Mcdonald’s currently has a consensus rating of Buy and an average price target of $189.79.

Shares of MCD opened at $182.72 on Monday. The company has a market cap of $143.94 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. Mcdonald’s has a 12-month low of $146.84 and a 12-month high of $188.90.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS. On average, equities analysts forecast that Mcdonald’s will post 7.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $1.16 per share. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio is 60.66%.

In other news, EVP Francesca A. Debiase sold 15,136 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the transaction, the executive vice president now directly owns 17,306 shares of the company’s stock, valued at $3,048,798.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold a total of 221,041 shares of company stock worth $38,839,407 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of MCD. Main Street Research LLC boosted its position in Mcdonald’s by 1.0% during the third quarter. Main Street Research LLC now owns 30,944 shares of the fast-food giant’s stock worth $5,177,000 after purchasing an additional 299 shares in the last quarter. Howard Capital Management boosted its position in Mcdonald’s by 1.7% during the third quarter. Howard Capital Management now owns 18,127 shares of the fast-food giant’s stock worth $3,032,000 after purchasing an additional 300 shares in the last quarter. Palisade Asset Management LLC boosted its position in Mcdonald’s by 0.4% during the third quarter. Palisade Asset Management LLC now owns 75,193 shares of the fast-food giant’s stock worth $12,579,000 after purchasing an additional 300 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Mcdonald’s by 13.4% during the third quarter. Gilman Hill Asset Management LLC now owns 2,531 shares of the fast-food giant’s stock worth $423,000 after purchasing an additional 300 shares in the last quarter. Finally, Parsec Financial Management Inc. boosted its position in Mcdonald’s by 8.3% during the third quarter. Parsec Financial Management Inc. now owns 3,933 shares of the fast-food giant’s stock worth $658,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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