McDonald’s Corporation (MCD) Given Market Perform Rating at Raymond James Financial, Inc.

McDonald’s Corporation (NYSE:MCD)‘s stock had its “market perform” rating reissued by Raymond James Financial, Inc. in a research report issued to clients and investors on Monday, July 24th.

Several other research firms have also weighed in on MCD. BTIG Research lifted their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, June 29th. Barclays PLC lifted their target price on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 target price (up from $160.00) on shares of McDonald’s Corporation in a report on Thursday, May 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $153.00 target price on shares of McDonald’s Corporation in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $140.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $162.16.

Shares of McDonald’s Corporation (MCD) opened at 157.76 on Monday. The stock has a market capitalization of $127.78 billion, a PE ratio of 25.82 and a beta of 0.70. McDonald’s Corporation has a one year low of $110.33 and a one year high of $159.98. The firm’s 50-day moving average is $155.41 and its 200-day moving average is $141.89.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, analysts expect that McDonald’s Corporation will post $6.54 earnings per share for the current fiscal year.

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In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last quarter. Insiders own 0.24% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares during the last quarter. Proficio Capital Partners LLC raised its stake in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the last quarter. Vigilant Capital Management LLC raised its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Zions Bancorporation raised its stake in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in McDonald’s Corporation during the fourth quarter worth $131,000. Hedge funds and other institutional investors own 68.20% 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.

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