McDonald’s Corporation (NYSE:MCD)‘s stock had its “buy” rating restated by SunTrust Banks, Inc. in a report released on Thursday. They presently have a $178.00 target price on the fast-food giant’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 8.60% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Longbow Research reaffirmed a “neutral” rating on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Piper Jaffray Companies set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday. Finally, Barclays PLC set a $164.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $167.74.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.47% on Thursday, reaching $163.91. The company’s stock had a trading volume of 3,023,606 shares. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $164.40. The stock has a market capitalization of $132.77 billion, a PE ratio of 26.83 and a beta of 0.69. The stock has a 50-day moving average of $158.38 and a 200 day moving average of $150.35.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the business posted $1.45 EPS. The company’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Corporation will post $6.56 EPS for the current year.

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In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was 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 worth $11,033,009 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. acquired a new stake in shares of McDonald’s Corporation during the 2nd quarter valued at about $107,000. Orrstown Financial Services Inc. boosted its position in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after acquiring an additional 104 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after acquiring an additional 346 shares in the last quarter. Vigilant Capital Management LLC boosted its position in shares of McDonald’s Corporation by 9.4% during the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after acquiring an additional 84 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of McDonald’s Corporation during the 1st 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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