Investors Sell McDonald’s Corporation (MCD) on Strength (MCD)
Investors sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading on Monday. $74.04 million flowed into the stock on the tick-up and $108.87 million flowed out of the stock on the tick-down, for a money net flow of $34.83 million out of the stock. Of all stocks tracked, McDonald’s Corporation had the 0th highest net out-flow for the day. McDonald’s Corporation traded up $0.21 for the day and closed at $166.93
A number of equities research analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $173.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group increased their price target on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Eleven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $169.96.
The stock has a market capitalization of $133,074.19, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. sell-side analysts predict that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.
In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Jennison Associates LLC boosted its holdings in shares of McDonald’s Corporation by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of McDonald’s Corporation by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the period. FMR LLC boosted its holdings in shares of McDonald’s Corporation by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of McDonald’s Corporation by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of McDonald’s Corporation by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the period. 67.95% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/investors-sell-mcdonalds-corporation-mcd-on-strength-mcd/1719649.html.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of 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.
Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.