Investors purchased shares of McDonald’s Corp. (NYSE:MCD) on weakness during trading on Friday. $216.04 million flowed into the stock on the tick-up and $125.68 million flowed out of the stock on the tick-down, for a money net flow of $90.36 million into the stock. Of all equities tracked, McDonald’s Corp. had the 10th highest net in-flow for the day. McDonald’s Corp. traded down ($1.77) for the day and closed at $117.65

A number of brokerages have issued reports on MCD. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a report on Sunday, April 17th. JPMorgan Chase & Co. restated a “buy” rating and issued a $127.00 target price on shares of McDonald’s Corp. in a research note on Saturday, April 2nd. Zacks Investment Research lowered McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Vetr upgraded McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $128.73 target price for the company in a research note on Tuesday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $140.00 target price on shares of McDonald’s Corp. in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $127.69.

The firm has a market cap of $103.28 billion and a price-to-earnings ratio of 22.47. The firm has a 50-day moving average price of $122.08 and a 200-day moving average price of $122.72.

McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. During the same quarter in the prior year, the business earned $1.26 EPS. The company earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Corp. will post $5.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.03%.

In related news, insider Brian Mullens sold 845 shares of McDonald’s Corp. 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 SEC, which is available through the SEC website.

A number of hedge funds have modified their holdings of the company. AMG National Trust Bank raised its stake 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 period. Vaughan David Investments Inc. IL raised its stake 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 period. Courier Capital Corp raised its stake 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 period. Schnieders Capital Management LLC raised its stake in shares of McDonald’s Corp. by 2.7% in the fourth quarter. Schnieders Capital Management LLC now owns 9,688 shares of the fast-food giant’s stock worth $1,145,000 after buying an additional 259 shares during the period. Finally, Calamos Wealth Management LLC raised its stake in shares of McDonald’s Corp. by 6.6% in the fourth quarter. Calamos Wealth Management LLC now owns 9,787 shares of the fast-food giant’s stock worth $1,156,000 after buying an additional 605 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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