Investors Sell McDonald’s Corp. (MCD) on Strength (MCD)
Investors sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading hours 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
A number of research analysts have recently issued reports on MCD shares. Robert W. Baird upgraded shares of McDonald’s Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $126.00 to $128.00 in a research report on Tuesday, August 30th. Canaccord Genuity started coverage on shares of McDonald’s Corp. in a research report on Monday, August 22nd. They issued a “hold” rating and a $122.00 price target on the stock. Nomura downgraded shares of McDonald’s Corp. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $142.00 to $129.00 in a research report on Wednesday, June 22nd. Zacks Investment Research downgraded shares of McDonald’s Corp. from a “hold” rating to a “sell” rating in a research 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 analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $125.55.
The company has a market cap of $98.84 billion and a price-to-earnings ratio of 22.12. The stock has a 50-day moving average price of $119.02 and a 200 day moving average price of $122.34.
McDonald’s Corp. (NYSE:MCD) last issued its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The business earned $6.27 billion during the quarter, compared to the consensus estimate of $6.28 billion. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research 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 issued a dividend of $0.89 per share. The ex-dividend date is Tuesday, August 30th. This represents a $3.56 annualized dividend and a dividend yield of 3.07%.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s 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 sale, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Several large investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas increased 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 valued at $33,079,000 after buying an additional 195,700 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $231,004,000 after buying an additional 112,261 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in 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 valued at $388,970,000 after buying an additional 137,484 shares in the last quarter. Stephens Inc. AR increased its stake 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 in the last quarter. Finally, Sirios Capital Management L P purchased a new stake in McDonald’s Corp. during the fourth quarter valued at approximately $39,933,000.
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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