CLSA Assumes McDonald's Corporation to Underperform

Brokerage firm CLSA Assumes its rating on McDonald's Corporation(NYSE:MCD). The shares have been rated Underperform. The rating by CLSA was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, JP Morgan said it Maintains its rating on McDonald's Corporation. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 29, 2016, Credit Suisse said it Maintains its rating on McDonald's Corporation. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 28, 2016, Cowen & Company said it Maintains its rating on McDonald's Corporation. In the research note, the firm Raises the price-target to $116.00 per share. The shares have been rated ‘Market Perform’ by the firm. Longbow Research said it Initiates Coverage on McDonald's Corporation, according to a research note issued on Mar 18, 2016. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2016, UBS 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 ‘Buy’ by the firm. On Jan 27, 2016, Argus Research said it Upgrades 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 0.21% or 0.27 points. Due to strong positive momentum, the stock ended at $127.78, which is also near the day’s high of $128.04. The stock began the session at $127.08 and the volume stood at 31,03,785 shares. The 52-week high of the shares is $128.74 and the 52 week low is $87.5. The company has a current market capitalization of $115,207 M and it has 90,16,07,890 shares in outstanding.

McDonald's Corporation(MCD) last announced its earnings results on Jan 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $6.34B. Analysts had an estimated revenue of $6.23B. Earnings per share were $1.28. Analysts had estimated an EPS of $1.23.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, Gloria Santona (Corp Exec VP, Gen Coun, Secy) sold 24,100 shares at $124.24 per share price.Also, On Feb 2, 2016, James R Sappington (Corp Exec VP – Ops & Tech Sys) sold 7,827 shares at $124.25 per share price.On Jan 28, 2016, Peter J Bensen (Chief Administrative Officer) sold 15,157 shares at $119.79 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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