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McDonalds received a Buy rating from the global financial  services company UBS AG as most of the stock analysts predicted a bullish trend for the fast food chain.

Keith Sieger of UBS restated the Buy rating for McDonalds and changed the price objective of the stock to $131, $6 higher compared to the last figure. According to the financial services firm, the stock showed significant growth in all of its sectors.

Sieger said that the sales growth of the stock may continue in the long run as the turnaround plan of its CEO shows positive result. The analyst pointed out the all-day breakfast and simple menu of the fast food chain as one of the growth drivers of the stock. Additionally, the proper implementation of the new plans of the firm and the unified leadership support are some of the factors to be considered as well.

“Strong results in the US, Lead & High Growth markets entering 2016 positions MCD well for further outperformance this year and beyond,” noted by the analyst.

McDonald’s Corporation traded higher at $118.41 with a 1.08 percent increase or 1.26. It opened at $116.21 with a session high of $119.08 and a session low of $116.21. The Stock has a market capitalization of $106,7 billion, with a price earnings ratio of 24.73 and a dividend yield of 3.01 percent.

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The famous fast food chain has a 50-day price moving average of $117.49 and 200-day moving average of $104.84. It has a 52-week high of $124.83 and a 52-week low of $87.50.

Before 2015 ended, Steve Easterbrook, chief brand officer of McDonalds, had revealed the plans of the company to modify the design of the restaurant menu, to change the structure of its segments and will have more refranchising until 2018.

Based on the report released by McDonalds, it has same-store growth  of 5 percent globally alongside with the modifications implied by the fast-food giant. The stock has 5.7 percent  comparable-sales in the US during the last quarter, the highest quarterly growth it attained in  the last four years. McDonalds beat the 2.7 percent estimated growth of the stock analyst for that period.

Specifically, the sales of the company in the Chinese and Russian market surged, with comparable sales of 3 percent in the last quarter.

In other news, Mc Donalds successfully launched its first McDonald chain in Astana Kazakhstan. 

“Dining that is above all a matter of personal choice. It must be pointed out that opening a McDonald’s has become a much anticipated event for Kazakhs,” the spokesperson of the president said in a report.

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On the  other hand, McDonald reacted to the issue about the horse-meat burger. The spokesperson of the company said that they will try to adjust the customer’s request and cater to Kazakh national cuisine.

Aside from McDonalds, Starbucks and Carrefour are some of the Western companies which are welcomed by the country.

As MacDonalds makes new business venture in Kazakhstan, the branch of the fast food giant in North Colony Road, Wallingford will be temporarily closed for three months.

Reports said that the owner of the chain decided to have a new restaurant. In the statement released by the McDonald’s of Wallingford it said it is being closed to make way for the McDonalds of the Future. The branch has been around for forty years before the demolition occurred.

From the latest filing with the Securities and Exchange, National Penn Investors Trust Co increased its position in the stock in the fourth quarter. The firm purchased 30.099 shares, making a total of 147,373 shares owned worth $17,411,000.

Meanwhile, JP Morgan increased its price objective of the firm to $119.00 higher than the previous $117.00 and issued an Overweight rating . Out of 29 investment analyst, the stock received a consensus average rating of Buy a consensus price objective of $123.45.

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