Investors Sell Shares of McDonald’s Corp. (MCD) on Strength (MCD)
Traders sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading hours on Monday. $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 equities tracked, McDonald’s Corp. had the 17th 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 analysts recently commented on MCD shares. Morgan Stanley reiterated a “hold” rating and issued a $118.00 price objective on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Canaccord Genuity started coverage on McDonald’s Corp. in a research report on Monday, August 22nd. They issued a “hold” rating and a $122.00 price objective for the company. Vetr lowered McDonald’s Corp. from a “strong-buy” rating to a “buy” rating and set a $132.93 price objective for the company. in a research report on Monday, August 8th. SunTrust Banks Inc. set a $138.00 price objective on McDonald’s Corp. and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Barclays PLC reiterated a “buy” rating and issued a $138.00 price objective on shares of McDonald’s Corp. in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have issued a buy rating to the stock. McDonald’s Corp. presently has a consensus rating of “Hold” and a consensus target price of $125.55.
The firm’s 50 day moving average price is $119.02 and its 200-day moving average price is $122.34. The company has a market capitalization of $98.84 billion and a PE ratio of 22.12.
McDonald’s Corp. (NYSE:MCD) last released its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share (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 analysts’ expectations of $6.28 billion. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Analysts anticipate that McDonald’s Corp. will post $5.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, August 30th.
In other news, Chairman Andrew J. Mckenna sold 70,000 shares of McDonald’s Corp. stock in a transaction on 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 transaction, the chairman now directly owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Several institutional investors recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position 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 valued at $388,970,000 after buying an additional 137,484 shares during the period. Sirios Capital Management L P bought a new position in shares of McDonald’s Corp. during the fourth quarter valued at $39,933,000. Stephens Inc. AR boosted its position in shares of 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 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.