Investors 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. $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 Corp. had the 0th highest net out-flow for the day. McDonald’s Corp. traded up $0.14 for the day and closed at $119.52
MCD has been the topic of a number of recent research reports. Jefferies Group restated a “hold” rating on shares of McDonald’s Corp. in a research note on Friday, August 5th. Credit Suisse Group AG dropped their price target on shares of McDonald’s Corp. from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. Deutsche Bank AG restated a “buy” rating on shares of McDonald’s Corp. in a research note 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 on the stock. in a research note on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $140.00 price target on shares of McDonald’s Corp. in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.61.
The stock has a market capitalization of $100.86 billion and a price-to-earnings ratio of 22.5682. The firm’s 50 day moving average price is $120.98 and its 200-day moving average price is $122.79.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings data 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. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.28 billion. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Equities research analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, August 30th.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction 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 transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Other hedge funds and institutional investors recently bought and sold shares of the company. Courier Capital Corp boosted its position in 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 last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in McDonald’s Corp. 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 worth $1,268,000 after buying an additional 363 shares during the last quarter. DG Capital Management Inc. bought a new position in McDonald’s Corp. during the fourth quarter worth approximately $1,418,000. Mandatum Life Insurance Co Ltd bought a new position in McDonald’s Corp. during the fourth quarter worth approximately $1,514,000. Finally, Cypress Asset Management Inc. TX boosted its position in McDonald’s Corp. by 23.7% in the fourth quarter. Cypress Asset Management Inc. TX now owns 14,041 shares of the fast-food giant’s stock worth $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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