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McDonald's Co. (NYSE:MCD)‘s stock had its “buy” rating restated by research analysts at Bank of America in a report released on Monday. They currently have a $110.00 target price on the stock. Bank of America’s price objective would suggest a potential upside of 16.46% from the company’s current price.

McDonald's Co. (NYSE:MCD) opened at 94.45 on Monday. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock has a 50-day moving average of $96.13 and a 200-day moving average of $98.35. The company has a market cap of $92.743 billion and a P/E ratio of 17.10.

McDonald's Co. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.04. The company had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that McDonald's Co. will post $5.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, August 28th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Friday. They now have a $99.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Tuesday, August 19th. They now have a $101.00 price target on the stock, down previously from $103.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of McDonald's Co. in a research note on Monday, August 11th. They now have a $98.00 price target on the stock, down previously from $105.00. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. McDonald's Co. has an average rating of “Hold” and an average target price of $95.73.

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

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