Traders sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading on Thursday. $71.89 million flowed into the stock on the tick-up and $167.97 million flowed out of the stock on the tick-down, for a money net flow of $96.08 million out of the stock. Of all companies tracked, McDonald’s Corp. had the 0th highest net out-flow for the day. McDonald’s Corp. traded up $1.11 for the day and closed at $123.93

MCD has been the subject of several research analyst reports. Robert W. Baird reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research note on Monday, May 16th. Nomura Holdings Inc. reaffirmed a “buy” rating on shares of McDonald’s Corp. in a research note on Thursday, June 2nd. Vetr raised McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $133.47 target price for the company in a research note on Tuesday, May 17th. Credit Suisse Group AG upped their target price on McDonald’s Corp. from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $140.00 target price (up from $135.00) on shares of McDonald’s Corp. in a research note on Monday, April 25th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $127.43.

The stock has a market cap of $108.79 billion and a PE ratio of 23.81. The stock has a 50-day moving average price of $121.59 and a 200-day moving average price of $122.29.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Friday, April 22nd. The fast-food giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business earned $5.90 billion during the quarter, compared to the consensus estimate of $5.82 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts expect that McDonald’s Corp. will post $5.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, June 2nd.

In other McDonald’s Corp. news, insider Brian Mullens sold 845 shares of the stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $128.93, for a total transaction of $108,945.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 13,007 shares of the stock in a transaction on Monday, April 25th. The shares were sold at an average price of $125.07, for a total value of $1,626,785.49. Following the transaction, the chief financial officer now directly owns 14,400 shares of the company’s stock, valued at $1,801,008. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the stock. AMG National Trust Bank raised its position in shares of McDonald’s Corp. by 3.9% in the fourth quarter. AMG National Trust Bank now owns 8,844 shares of the fast-food giant’s stock worth $1,045,000 after buying an additional 334 shares during the last quarter. Vaughan David Investments Inc. IL raised its position in shares of McDonald’s Corp. by 1.0% in the fourth quarter. Vaughan David Investments Inc. IL now owns 9,040 shares of the fast-food giant’s stock worth $1,068,000 after buying an additional 90 shares during the last quarter. Security National Bank of SO Dak raised its position in shares of McDonald’s Corp. by 5.7% in the fourth quarter. Security National Bank of SO Dak now owns 9,104 shares of the fast-food giant’s stock worth $1,076,000 after buying an additional 491 shares during the last quarter. Courier Capital Corp raised its position in shares of McDonald’s Corp. by 11.4% in the fourth quarter. Courier Capital Corp now owns 9,389 shares of the fast-food giant’s stock worth $1,109,000 after buying an additional 958 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its position in shares of McDonald’s Corp. by 0.8% in the fourth quarter. Security National Bank of Sioux City Iowa IA now owns 9,681 shares of the fast-food giant’s stock worth $1,143,000 after buying an additional 78 shares during the last quarter.

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

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.