Traders Sell McDonald’s Corporation (MCD) on Strength (MCD)

Investors sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading hours on Wednesday. $91.01 million flowed into the stock on the tick-up and $160.47 million flowed out of the stock on the tick-down, for a money net flow of $69.46 million out of the stock. Of all stocks tracked, McDonald’s Corporation had the 10th highest net out-flow for the day. McDonald’s Corporation traded up $2.45 for the day and closed at $159.88

Several equities analysts have commented on the stock. Robert W. Baird reissued a “buy” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a report on Friday, September 8th. Credit Suisse Group reissued an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Stephens reissued an “overweight” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $162.00 target price (up from $150.00) on shares of McDonald’s Corporation in a report on Wednesday, July 26th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. McDonald’s Corporation presently has an average rating of “Buy” and a consensus price target of $162.26.

The firm’s 50 day moving average is $157.70 and its 200-day moving average is $147.07. The company has a market capitalization of $129.50 billion, a P/E ratio of 26.17 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Wednesday, August 30th. McDonald’s Corporation’s payout ratio is 61.54%.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the transaction, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock valued at $11,033,009 in the last ninety days. 0.24% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. DnB Asset Management AS raised its holdings in McDonald’s Corporation by 7.9% in the first quarter. DnB Asset Management AS now owns 96,606 shares of the fast-food giant’s stock worth $12,521,000 after purchasing an additional 7,100 shares in the last quarter. Coastline Trust Co raised its holdings in McDonald’s Corporation by 0.8% in the first quarter. Coastline Trust Co now owns 21,320 shares of the fast-food giant’s stock worth $2,763,000 after purchasing an additional 164 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in McDonald’s Corporation by 4.2% in the first quarter. Patten & Patten Inc. TN now owns 6,091 shares of the fast-food giant’s stock worth $789,000 after purchasing an additional 244 shares in the last quarter. NewSquare Capital LLC raised its holdings in McDonald’s Corporation by 35.2% in the first quarter. NewSquare Capital LLC now owns 1,921 shares of the fast-food giant’s stock worth $249,000 after purchasing an additional 500 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in McDonald’s Corporation by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 321,122 shares of the fast-food giant’s stock worth $41,619,000 after purchasing an additional 4,850 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

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McDonald’s Corporation Company Profile

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

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