Investors sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading hours 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 stocks 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 topic of a number of research analyst reports. Nomura Holdings Inc. downgraded shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating and reduced their price target for the company from $142.00 to $129.00 in a research note on Wednesday, June 22nd. Evercore ISI initiated coverage on shares of McDonald’s Corp. in a research note on Monday, April 4th. They issued a “hold” rating on the stock. Longbow Research initiated coverage on shares of McDonald’s Corp. in a research note on Friday, March 18th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of McDonald’s Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Finally, Credit Agricole SA restated a “sell” rating and issued a $128.00 price target on shares of McDonald’s Corp. in a research note on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $127.43.

The company’s 50 day moving average is $121.59 and its 200-day moving average is $122.33. The firm has a market cap of $108.51 billion and a price-to-earnings ratio of 23.75.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Friday, April 22nd. The fast-food giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.82 billion. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. On average, analysts anticipate that McDonald’s Corp. will post $5.54 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 6th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $3.56 annualized dividend and a dividend yield of 2.88%.

In other news, insider Brian Mullens sold 845 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin M. Ozan sold 13,007 shares of the firm’s 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 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 large investors have added to or reduced their stakes in MCD. Parsons Capital Management Inc. RI increased its stake in McDonald’s Corp. by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 22,438 shares of the fast-food giant’s stock valued at $2,651,000 after buying an additional 69 shares during the last quarter. Vaughan David Investments Inc. IL increased its stake in 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 valued at $1,068,000 after buying an additional 90 shares during the last quarter. Independent Investors Inc. increased its stake in McDonald’s Corp. by 0.4% in the fourth quarter. Independent Investors Inc. now owns 23,900 shares of the fast-food giant’s stock valued at $2,823,000 after buying an additional 100 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in McDonald’s Corp. by 0.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 20,138 shares of the fast-food giant’s stock valued at $2,379,000 after buying an additional 162 shares during the last quarter. Finally, Legacy Capital Partners Inc. increased its stake in McDonald’s Corp. by 0.8% in the fourth quarter. Legacy Capital Partners Inc. now owns 24,171 shares of the fast-food giant’s stock valued at $2,856,000 after buying an additional 200 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.

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