Investors Sell Shares of McDonald's Co. (MCD) on Strength (MCD)
Traders sold shares of McDonald's Co. (NYSE:MCD) on strength during trading on Friday. $56.95 million flowed into the stock on the tick-up and $93.36 million flowed out of the stock on the tick-down, for a money net flow of $36.41 million out of the stock. Of all equities tracked, McDonald's Co. had the 3rd highest net out-flow for the day. McDonald's Co. traded up $0.14 for the day and closed at $119.52
A number of equities analysts recently commented on MCD shares. Robert W. Baird reiterated a “hold” rating and set a $122.00 price target on shares of McDonald's Co. in a report on Friday, April 15th. Deutsche Bank AG reiterated a “buy” rating on shares of McDonald's Co. in a report on Sunday, April 17th. Nomura set a $138.00 price target on McDonald's Co. and gave the stock a “buy” rating in a report on Tuesday, April 19th. Bank of America Corp. reiterated a “buy” rating on shares of McDonald's Co. in a report on Monday, April 18th. Finally, SunTrust Banks Inc. reiterated a “buy” rating and set a $145.00 price target (up previously from $135.00) on shares of McDonald's Co. in a report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. McDonald's Co. has an average rating of “Hold” and a consensus target price of $128.26.
The company has a market capitalization of $101.99 billion and a price-to-earnings ratio of 22.82. The firm’s 50 day moving average price is $121.01 and its 200-day moving average price is $122.78.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. During the same period in the previous year, the firm posted $1.26 EPS. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that McDonald's Co. will post $5.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, August 30th.
In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors have bought and sold shares of MCD. Courier Capital Corp raised its stake in McDonald's Co. by 11.4% in the fourth quarter. Courier Capital Corp now owns 9,389 shares of the fast-food giant’s stock valued at $1,109,000 after buying an additional 958 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in McDonald's Co. by 3.5% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 10,737 shares of the fast-food giant’s stock valued at $1,268,000 after buying an additional 363 shares during the last quarter. DG Capital Management Inc. acquired a new stake in McDonald's Co. during the fourth quarter valued at approximately $1,418,000. Mandatum Life Insurance Co Ltd acquired a new stake in McDonald's Co. during the fourth quarter valued at approximately $1,514,000. Finally, Cypress Asset Management Inc. TX raised its stake in McDonald's Co. by 23.7% in the fourth quarter. Cypress Asset Management Inc. TX now owns 14,041 shares of the fast-food giant’s stock valued at $1,659,000 after buying an additional 2,689 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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