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 Tuesday. $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 companies 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
Several research firms recently issued reports on MCD. Robert W. Baird upgraded shares of McDonald’s Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $126.00 to $128.00 in a research report on Tuesday. Nomura reaffirmed a “buy” rating on shares of McDonald’s Corp. in a research note on Thursday, June 2nd. SunTrust Banks Inc. set a $138.00 target price on shares of McDonald’s Corp. and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research raised shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Tuesday, May 3rd. Finally, Vetr lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating and set a $128.73 target price for the company. in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $125.55.
The company has a market cap of $98.44 billion and a P/E ratio of 22.03. The company has a 50 day moving average of $119.64 and a 200 day moving average of $122.48.
McDonald’s Corp. (NYSE:MCD) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. During the same quarter last year, the company 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 business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $3.56 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now directly owns 108,841 shares in the company, valued at approximately $12,873,713.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Several institutional investors have added to or reduced their stakes in MCD. Sirios Capital Management L P acquired a new position in McDonald’s Corp. during the fourth quarter valued at approximately $39,933,000. Employees Retirement System of Texas boosted its position in 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 valued at $33,079,000 after buying an additional 195,700 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $231,004,000 after buying an additional 112,261 shares during the period. Stephens Inc. AR boosted its position in 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 valued at $15,808,000 after buying an additional 13,208 shares during the period. Finally, Jennison Associates LLC boosted 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 valued at $919,211,000 after buying an additional 5,591,608 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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