Telsey Advisory Group Just Issued “Outperform” Rating on McDonald's Corporation (MCD)

McDonald's Corporation (MCD) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 136 from a previous price target of $130 . Telsey Advisory Group advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 136 from a previous price target of $130 .Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 136 from a previous price target of $130 .Shares were Reiterated by Instinet on Jan 4, 2017 to “Buy” and Lowered the Price Target to $ 137 from a previous price target of $139 .McDonald's Corporation was Upgraded by Nomura to ” Buy” on Dec 5, 2016.

On the company’s financial health, McDonald's Corporation reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 23, 2017. Analyst had a consensus of $1.41. The company had revenue of $6029.00 million for the quarter, compared to analysts expectations of $5997.30 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.

Several company insiders have filed Insider transactions , on Nov 16, 2016, James R Sappington (Corp Exec VP – Ops & Tech Sys) sold 8,298 shares at $118.08 per share price. According to the SEC, on May 4, 2016, Brian Mullens (Corp Sr Vice Pres – Controller) sold 845 shares at $128.93 per share price. On Apr 26, 2016, Kevin M Ozan (Exec Vice Pres & CFO) sold 13,007 shares at $125.07 per share price, according to the Form-4 filing with the securities and exchange commission.

McDonald's Corporation closed down -0.72 points or -0.56% at $126.99 with 51,84,016 shares getting traded on Monday. Post opening the session at $127.68, the shares hit an intraday low of $126.78 and an intraday high of $127.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

McDonald's Corporation

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