Traders Sell Shares of McDonald’s Corp. (MCD) on Strength (MCD)
Traders sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading on Tuesday. $143.15 million flowed into the stock on the tick-up and $239.33 million flowed out of the stock on the tick-down, for a money net flow of $96.18 million out of the stock. Of all equities tracked, McDonald’s Corp. had the 6th highest net out-flow for the day. McDonald’s Corp. traded up $2.70 for the day and closed at $126.50
A number of equities research analysts recently commented on MCD shares. Cowen and Company restated a “hold” rating on shares of McDonald’s Corp. in a research report on Monday. Vetr lowered McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price target on the stock. in a research report on Thursday, July 14th. Nomura Holdings Inc. restated a “hold” rating on shares of McDonald’s Corp. in a research report on Tuesday, July 12th. JPMorgan Chase & Co. set a $130.00 price target on McDonald’s Corp. and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Finally, Independent Research GmbH set a $110.00 price target on McDonald’s Corp. and gave the stock a “sell” rating in a research report on Monday, July 11th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. McDonald’s Corp. presently has an average rating of “Hold” and an average price target of $127.43.
The stock has a market capitalization of $111.05 billion and a P/E ratio of 24.31. The stock has a 50 day moving average price of $121.75 and a 200 day moving average price of $122.44.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings data on Friday, April 22nd. The fast-food giant reported $1.23 earnings per share (EPS) for the quarter, topping 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. McDonald’s Corp.’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. On average, equities analysts expect that McDonald’s Corp. will post $5.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 6th were given 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 dividend yield of 2.81%.
In other news, insider Brian Mullens sold 845 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $128.93, for a total transaction of $108,945.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin M. Ozan sold 13,007 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $125.07, for a total transaction of $1,626,785.49. Following the transaction, the chief financial officer now directly owns 14,400 shares in the company, valued at approximately $1,801,008. The disclosure for this sale can be found here.
Several institutional investors recently added to or reduced their stakes in MCD. Jennison Associates LLC boosted its position in 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. Agran Libbie raised its stake in McDonald’s Corp. by 9,010.4% in the fourth quarter. Agran Libbie now owns 1,635,767 shares of the fast-food giant’s stock worth $1,932,000 after buying an additional 1,617,812 shares in the last quarter. OppenheimerFunds Inc. raised its stake in McDonald’s Corp. by 77.2% in the fourth quarter. OppenheimerFunds Inc. now owns 1,816,675 shares of the fast-food giant’s stock worth $214,638,000 after buying an additional 791,673 shares in the last quarter. Columbus Circle Investors acquired a new stake in McDonald’s Corp. during the fourth quarter worth $60,565,000. Finally, Smith Asset Management Group LP raised its stake in McDonald’s Corp. by 1,262,466.7% in the fourth quarter. Smith Asset Management Group LP now owns 378,770 shares of the fast-food giant’s stock worth $44,748,000 after buying an additional 378,740 shares in 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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