McDonald’s Corporation (NYSE:MCD)‘s stock had its “buy” rating restated by analysts at Royal Bank Of Canada in a report issued on Friday. They presently have a $175.00 price objective on the fast-food giant’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.57% from the stock’s previous close.

A number of other brokerages also recently commented on MCD. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research report on Tuesday, June 27th. Mizuho initiated coverage on shares of McDonald’s Corporation in a research report on Thursday, June 8th. They issued a “buy” rating and a $168.00 price objective on the stock. Bank of America Corporation increased their price objective on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. BTIG Research increased their price objective on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG increased their price objective on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Twelve research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $162.16.

McDonald’s Corporation (NYSE MCD) opened at 159.71 on Friday. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $160.38. The stock’s 50 day moving average is $157.31 and its 200-day moving average is $145.32. The company has a market capitalization of $129.36 billion, a P/E ratio of 26.14 and a beta of 0.70.

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

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/09/mcdonalds-corporations-mcd-buy-rating-reiterated-at-royal-bank-of-canada.html.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders sold a total of 69,938 shares of company stock valued at $11,033,009 in the last quarter. Insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intl Fcstone Inc. increased its holdings in shares of McDonald’s Corporation by 61.2% in the 2nd quarter. Intl Fcstone Inc. now owns 16,316 shares of the fast-food giant’s stock valued at $2,499,000 after purchasing an additional 6,194 shares in the last quarter. Griffin Asset Management Inc. purchased a new position in shares of McDonald’s Corporation in the 2nd quarter valued at about $4,463,000. Navellier & Associates Inc increased its holdings in shares of McDonald’s Corporation by 47.7% in the 2nd quarter. Navellier & Associates Inc now owns 25,400 shares of the fast-food giant’s stock valued at $3,890,000 after purchasing an additional 8,200 shares in the last quarter. USA Financial Portformulas Corp purchased a new position in shares of McDonald’s Corporation in the 2nd quarter valued at about $6,684,000. Finally, Phocas Financial Corp. purchased a new position in shares of McDonald’s Corporation in the 2nd quarter valued at about $107,000. Institutional investors and hedge funds own 67.96% of the company’s stock.

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)

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.