Vetr cut shares of McDonald’s Corp. (NYSE:MCD) from a buy rating to a hold rating in a research report sent to investors on Monday. They currently have $126.64 price target on the fast-food giant’s stock.

MCD has been the topic of several other reports. TheStreet downgraded shares of McDonald’s Corp. from a buy rating to a hold rating in a research note on Friday, August 5th. BTIG Research set a $137.00 price target on shares of McDonald’s Corp. and gave the stock a buy rating in a research note on Monday, October 24th. Zacks Investment Research raised shares of McDonald’s Corp. from a hold rating to a buy rating and set a $132.00 price target on the stock in a research note on Tuesday, November 15th. Nomura set a $122.00 price target on shares of McDonald’s Corp. and gave the stock a neutral rating in a research note on Monday, October 17th. Finally, Stephens reissued an overweight rating and set a $135.00 price target on shares of McDonald’s Corp. in a research note on Sunday, October 23rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $126.51.

Analyst Recommendations for McDonald`s Corp. (NYSE:MCD)

McDonald’s Corp. (NYSE:MCD) opened at 120.88 on Monday. The company’s 50 day moving average is $114.91 and its 200-day moving average is $118.44. The firm has a market cap of $100.38 billion, a P/E ratio of 22.71 and a beta of 0.63. McDonald’s Corp. has a 52-week low of $110.33 and a 52-week high of $131.96.

McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.13. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.28 billion. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. McDonald’s Corp.’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. On average, equities analysts predict that McDonald’s Corp. will post $5.69 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 3.09%. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio is presently 67.30%.

In other McDonald’s Corp. news, VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the completion of the transaction, the vice president now directly owns 14,750 shares in the company, valued at approximately $1,741,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $113.48, for a total value of $3,404,400.00. Following the completion of the transaction, the chairman now owns 72,514 shares of the company’s stock, valued at $8,228,888.72. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in McDonald’s Corp. by 33.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,074,266 shares of the fast-food giant’s stock valued at $129,275,000 after buying an additional 268,464 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in McDonald’s Corp. by 15.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,952,572 shares of the fast-food giant’s stock valued at $475,653,000 after buying an additional 519,237 shares during the last quarter. Kentucky Retirement Systems acquired a new position in McDonald’s Corp. during the second quarter valued at $8,984,000. Pennsylvania Trust Co increased its position in McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its position in McDonald’s Corp. by 16.1% in the third quarter. Franklin Street Advisors Inc. NC now owns 47,634 shares of the fast-food giant’s stock valued at $5,495,000 after buying an additional 6,606 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

About McDonald’s Corp.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.

5 Day Chart for NYSE:MCD

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