Traders Sell Shares of McDonald’s Corp. (MCD) on Strength (MCD)
Investors sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading on Monday. $84.33 million flowed into the stock on the tick-up and $110.47 million flowed out of the stock on the tick-down, for a money net flow of $26.14 million out of the stock. Of all equities tracked, McDonald’s Corp. had the 0th highest net out-flow for the day. McDonald’s Corp. traded up $0.97 for the day and closed at $115.41
MCD has been the subject of several research analyst reports. Jefferies Group reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research report on Friday, August 5th. Credit Suisse Group AG lowered their price target on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research report on Wednesday, August 10th. Vetr cut shares of McDonald’s Corp. from a “strong-buy” rating to a “hold” rating and set a $119.37 price target for the company. in a research report on Monday, August 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $140.00 price target on shares of McDonald’s Corp. in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.48.
The stock has a market cap of $97.73 billion and a price-to-earnings ratio of 21.87. The firm’s 50-day moving average price is $119.82 and its 200-day moving average price is $122.50.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp.’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. On average, equities analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be paid 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 dividend yield of 3.08%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $12,873,713.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have recently modified their holdings of the company. 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 last quarter. Jennison Associates LLC boosted its stake 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 in the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in McDonald’s Corp. during the fourth quarter worth about $1,748,000. Pitcairn Co. boosted its stake in McDonald’s Corp. by 7.9% in the fourth quarter. Pitcairn Co. now owns 14,617 shares of the fast-food giant’s stock worth $1,727,000 after buying an additional 1,068 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in McDonald’s Corp. by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 22,438 shares of the fast-food giant’s stock worth $2,651,000 after buying an additional 69 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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