Investors Buy McDonald’s Corp. (MCD) on Weakness
Traders bought shares of McDonald’s Corp. (NYSE:MCD) on weakness during trading on Wednesday. $134.99 million flowed into the stock on the tick-up and $80.20 million flowed out of the stock on the tick-down, for a money net flow of $54.79 million into the stock. Of all equities tracked, McDonald’s Corp. had the 9th highest net in-flow for the day. McDonald’s Corp. traded down ($0.18) for the day and closed at $117.52
MCD has been the subject of several recent research reports. Credit Agricole SA initiated coverage on McDonald’s Corp. in a report on Wednesday, April 13th. They issued an “underperform” rating for the company. Robert W. Baird reissued a “hold” rating and set a $122.00 target price on shares of McDonald’s Corp. in a research note on Friday, April 15th. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Sunday, April 17th. Nomura set a $138.00 target price on McDonald’s Corp. and gave the stock a “buy” rating in a research note on Tuesday, April 19th. Finally, Bank of America Corp. reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Monday, April 18th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. McDonald’s Corp. has an average rating of “Hold” and a consensus target price of $127.86.
The stock has a 50-day moving average price of $121.67 and a 200 day moving average price of $122.80. The firm has a market capitalization of $103.17 billion and a price-to-earnings ratio of 22.44.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. During the same period in the previous year, the firm posted $1.26 earnings per share. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a $0.89 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.03%.
A number of institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased 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. Morgan Stanley increased its position in McDonald’s Corp. by 6.5% in the fourth quarter. Morgan Stanley now owns 5,971,939 shares of the fast-food giant’s stock worth $705,526,000 after buying an additional 362,294 shares during the period. Dimensional Fund Advisors LP increased its position in 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. OppenheimerFunds Inc. increased its position 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 during the period. Finally, Agran Libbie increased its position 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 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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