Investors Sell McDonald’s Corp. (MCD) on Strength (MCD)
Investors sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading on Friday. $55.53 million flowed into the stock on the tick-up and $86.16 million flowed out of the stock on the tick-down, for a money net flow of $30.63 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 $0.43 for the day and closed at $115.83
MCD has been the subject of several recent research reports. Robert W. Baird raised shares of McDonald’s Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $126.00 to $128.00 in a report on Tuesday. Canaccord Genuity started coverage on shares of McDonald’s Corp. in a report on Monday, August 22nd. They issued a “hold” rating and a $122.00 price objective for the company. Nomura cut shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $142.00 to $129.00 in a report on Wednesday, June 22nd. Zacks Investment Research cut shares of McDonald’s Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $140.00 price objective on shares of McDonald’s Corp. in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.55.
The company’s 50 day moving average price is $119.02 and its 200 day moving average price is $122.34. The stock has a market cap of $98.84 billion and a P/E ratio of 22.12.
McDonald’s Corp. (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. On average, analysts anticipate that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The business also recently announced 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 annualized dividend and a dividend yield of 3.07%.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. 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 transaction, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which is available at this link.
Several hedge funds have recently bought and sold shares of MCD. Employees Retirement System of Texas raised its stake 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 worth $33,079,000 after buying an additional 195,700 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake 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 in the last quarter. Caldwell & Orkin Inc. purchased a new stake in McDonald’s Corp. during the fourth quarter worth about $4,808,000. Dimensional Fund Advisors LP raised its stake 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 worth $231,004,000 after buying an additional 112,261 shares in the last quarter. Finally, Parsons Capital Management Inc. RI raised 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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