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Equities researchers at Deutsche Bank boosted their price objective on shares of McDonald's Co. (NYSE:MCD) from $110.00 to $115.00 in a research report issued on Friday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 12.20% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Erste Group upgraded shares of McDonald's Co. to a “buy” rating in a research note on Monday, May 5th. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of McDonald's Co. in a research note on Monday, April 28th. They now have a $106.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Wednesday, April 23rd. They now have a $104.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $104.90.

McDonald's Co. (NYSE:MCD) opened at 102.50 on Friday. McDonald's Co. has a 1-year low of $92.22 and a 1-year high of $103.78. The stock’s 50-day moving average is $100. and its 200-day moving average is $97.05. The company has a market cap of $101.3 billion and a P/E ratio of 18.63.

McDonald's Co. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.24 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the company posted $1.26 earnings per share. McDonald's Co.’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that McDonald's Co. will post $5.76 earnings per share for the current fiscal year.

In other McDonald's Co. news, COO Timothy Fenton sold 9,938 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $102.36, for a total transaction of $1,017,253.68. Following the completion of the transaction, the chief operating officer now directly owns 27,421 shares of the company’s stock, valued at approximately $2,806,814. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.

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