Investors bought shares of McDonald’s Corp. (NYSE:MCD) on weakness during trading hours on Friday. $159.94 million flowed into the stock on the tick-up and $59.00 million flowed out of the stock on the tick-down, for a money net flow of $100.94 million into the stock. Of all equities tracked, McDonald’s Corp. had the 13th highest net in-flow for the day. McDonald’s Corp. traded down ($0.32) for the day and closed at $123.61

A number of analysts have recently issued reports on the stock. Deutsche Bank AG restated a “buy” rating on shares of McDonald’s Corp. in a report on Sunday, April 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $127.00 price target on shares of McDonald’s Corp. in a report on Saturday, April 2nd. Zacks Investment Research downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Nomura downgraded shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 22nd. Finally, Independent Research GmbH set a $110.00 price target on shares of McDonald’s Corp. and gave the stock a “sell” rating in a report on Tuesday, April 26th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $127.43.

The company has a 50 day moving average price of $121.59 and a 200-day moving average price of $122.33. The company has a market cap of $108.51 billion and a PE ratio of 23.75.

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

The business also recently disclosed 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. The ex-dividend date was Thursday, June 2nd. This represents a $3.56 dividend on an annualized basis and a yield of 2.88%.

In other McDonald’s Corp. news, 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 transaction of $1,626,785.49. Following the sale, the chief financial officer now directly owns 14,400 shares of the company’s stock, valued at $1,801,008. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here.

Several hedge funds have modified their holdings of MCD. State of Tennessee Treasury Department boosted its stake in shares of McDonald’s Corp. by 47.8% in the fourth quarter. State of Tennessee Treasury Department now owns 591,139 shares of the fast-food giant’s stock worth $69,837,000 after buying an additional 191,139 shares during the period. Employees Retirement System of Texas boosted its stake in shares of McDonald’s Corp. by 232.1% in the fourth quarter. Employees Retirement System of Texas now owns 280,000 shares of the fast-food giant’s stock worth $33,079,000 after buying an additional 195,700 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of McDonald’s Corp. by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,955,197 shares of the fast-food giant’s stock worth $231,004,000 after buying an additional 112,261 shares during the period. Stephens Inc. AR boosted its stake in shares of McDonald’s Corp. by 11.0% in the fourth quarter. Stephens Inc. AR now owns 133,805 shares of the fast-food giant’s stock worth $15,808,000 after buying an additional 13,208 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of McDonald’s Corp. by 255.4% in the fourth quarter. Jennison Associates LLC now owns 7,780,691 shares of the fast-food giant’s stock worth $919,211,000 after buying an additional 5,591,608 shares during the period.

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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