Shares of McDonald’s Corporation (NYSE:MCD) have been assigned an average rating of “Buy” from the thirty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $170.56.

MCD has been the topic of a number of analyst reports. Longbow Research reaffirmed a “neutral” rating on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. Argus reaffirmed a “buy” rating and issued a $175.00 price objective (up previously from $158.00) on shares of McDonald’s Corporation in a research report on Saturday, July 22nd. BidaskClub downgraded shares of McDonald’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of McDonald’s Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

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McDonald’s Corporation (NYSE:MCD) opened at $166.72 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s Corporation has a 12-month low of $117.71 and a 12-month high of $170.92. The company has a market cap of $136,150.00, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts expect that McDonald’s Corporation will post 6.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

In other news, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of MCD. Jennison Associates LLC raised its holdings in McDonald’s Corporation by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC raised its holdings in McDonald’s Corporation by 3,951.0% in the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC raised its holdings in McDonald’s Corporation by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after acquiring an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. raised its holdings in McDonald’s Corporation by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after acquiring an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in McDonald’s Corporation by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after acquiring an additional 1,586,761 shares in the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.

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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