Baird Maintains McDonald's Corporation to Neutral with Price Target $126.00

Brokerage firm Baird Maintains its rating on McDonald's Corporation(NYSE:MCD). In a research note issued to the investors, the brokerage major Lowers the price-target to $126.00 per share. The shares have been rated Neutral. The rating by Baird was issued on Jun 29, 2016.

In a different note, On Jun 27, 2016, Credit Suisse said it Maintains its rating on McDonald's Corporation. In the research note, the firm Lowers the price-target to $135.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 22, 2016, Nomura said it Downgrades its rating on McDonald's Corporation. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Bernstein said it Assumes its rating on McDonald's Corporation. The shares have been rated ‘Market Perform’ by the firm. On Apr 25, 2016, Cowen & Company said it Maintains its rating on McDonald's Corporation. In the research note, the firm Raises the price-target to $125.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 25, 2016, Nomura said it Maintains its rating on McDonald's Corporation. In the research note, the firm Raises the price-target to $138.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 25, 2016, BTIG Research said it Maintains its rating on McDonald's Corporation. The shares have been rated ‘Buy’ by the firm.

McDonald's Corporation (MCD) made into the market gainers list on Fridays trading session with the shares advancing 0.05% or 0.06 points. Due to strong positive momentum, the stock ended at $120.4, which is also near the day’s high of $120.86. The stock began the session at $119.72 and the volume stood at 37,98,100 shares. The 52-week high of the shares is $131.96 and the 52 week low is $87.5. The company has a current market capitalization of $105,694 M and it has 87,78,57,530 shares in outstanding.

McDonald's Corporation(MCD) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.90B. Analysts had an estimated revenue of $5.80B. Earnings per share were $1.23. Analysts had estimated an EPS of $1.16.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Brian Mullens (Corp Sr Vice Pres – Controller) sold 845 shares at $128.93 per share price.Also, On Apr 26, 2016, Kevin M Ozan (Exec Vice Pres & CFO) sold 13,007 shares at $125.07 per share price.On Feb 2, 2016, Gloria Santona (Corp Exec VP, Gen Coun, Secy) sold 24,100 shares at $124.24 per share price, according to the Form-4 filing with the securities and exchange commission.

McDonald’s Corporation operates and franchises McDonald’s restaurants. McDonald’s global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe and Asia/Pacific Middle East and Africa (APMEA). The Company’s operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Company’s restaurants offer a substantially uniform menu including hamburgers and cheeseburgers Big Mac Quarter Pounder with Cheese Filet-O-Fish several chicken sandwiches Chicken McNuggets wraps French fries salads oatmeal shakes McFlurry desserts sundaes soft serve cones pies soft drinks coffee McCafe beverages and other beverages. McDonald’s franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.

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