McDonald’s Corporation (NYSE:MCD) has been assigned a $172.00 price objective by stock analysts at Goldman Sachs Group, Inc. (The) in a report released on Friday. The firm presently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 4.94% from the stock’s previous close.

A number of other equities analysts have also recently commented on MCD. Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research report on Friday, June 16th. Vetr cut shares of McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $146.85 target price on the stock. in a research report on Monday, June 19th. Cowen and Company upgraded shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada set a $170.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $175.00 target price (up previously from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $167.83.

McDonald’s Corporation (NYSE MCD) traded up 0.45% during mid-day trading on Friday, hitting $164.64. 1,149,163 shares of the company’s stock were exchanged. The stock has a market cap of $133.36 billion, a PE ratio of 26.95 and a beta of 0.69. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $165.18. The stock’s 50 day moving average price is $158.52 and its 200-day moving average price is $150.45.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results 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. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Equities analysts expect that McDonald’s Corporation will post $6.56 EPS for the current fiscal year.

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In related news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at $3,810,181.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock valued at $11,033,009 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in McDonald’s Corporation during the second quarter valued at approximately $322,000. Phocas Financial Corp. bought a new stake in McDonald’s Corporation during the second quarter valued at approximately $107,000. Orrstown Financial Services Inc. grew its position in McDonald’s Corporation by 17.2% during the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares during the period. Proficio Capital Partners LLC grew its position in McDonald’s Corporation by 87.8% during the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares during the period. Finally, Vigilant Capital Management LLC grew its position in McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares during the period. Institutional investors own 67.92% 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)

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