Investors sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading hours on Wednesday. $76.25 million flowed into the stock on the tick-up and $151.48 million flowed out of the stock on the tick-down, for a money net flow of $75.23 million out of the stock. Of all companies tracked, McDonald’s Corp. had the 0th highest net out-flow for the day. McDonald’s Corp. traded up $0.84 for the day and closed at $115.36

A number of research firms recently issued reports on MCD. Nomura reissued a “buy” rating on shares of McDonald’s Corp. in a research report on Thursday, June 2nd. SunTrust Banks Inc. set a $138.00 price objective on shares of McDonald’s Corp. and gave the company a “buy” rating in a research report on Wednesday, July 27th. Vetr downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 price objective for the company. in a research report on Thursday, July 14th. Longbow Research reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research report on Wednesday, June 8th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of McDonald’s Corp. in a research report on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $125.55.

The stock has a 50 day moving average price of $119.45 and a 200-day moving average price of $122.43. The company has a market capitalization of $98.70 billion and a price-to-earnings ratio of 22.09.

McDonald’s Corp. (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm earned $6.27 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. McDonald’s Corp.’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 $5.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be given 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 3.08%.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.28, for a total value of $8,279,600.00. Following the completion of the sale, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Other hedge funds have recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of 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 last quarter. Agran Libbie raised its stake in shares of 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 last quarter. Sirios Capital Management L P purchased a new stake in shares of McDonald’s Corp. during the fourth quarter worth approximately $39,933,000. Employees Retirement System of Texas raised its stake in shares of McDonald’s Corp. by 232.1% in the fourth quarter. Employees Retirement System of Texas now owns 280,000 shares of the fast-food giant’s stock worth $33,079,000 after buying an additional 195,700 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of McDonald’s Corp. by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,292,445 shares of the fast-food giant’s stock worth $388,970,000 after buying an additional 137,484 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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