Traders sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading hours on Friday following insider selling activity. $29.23 million flowed into the stock on the tick-up and $47.32 million flowed out of the stock on the tick-down, for a money net flow of $18.09 million out of the stock. Of all equities tracked, McDonald’s Corporation had the 0th highest net out-flow for the day. McDonald’s Corporation traded up $0.06 for the day and closed at $169.11Specifically, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several research firms have issued reports on MCD. BidaskClub raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Vetr raised shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 price target on the stock in a research note on Thursday, August 3rd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price target on shares of McDonald’s Corporation in a research note on Monday, August 14th. Nomura set a $183.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Longbow Research raised shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Eleven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $169.96.

The stock has a market capitalization of $134,764.23, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald’s Corporation’s revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 earnings per share. equities analysts forecast that McDonald’s Corporation will post 6.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.39%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s payout ratio is 54.26%.

A number of hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its stake in shares of McDonald’s Corporation by 0.5% during the third quarter. Burgundy Asset Management Ltd. now owns 1,414,684 shares of the fast-food giant’s stock valued at $221,653,000 after purchasing an additional 6,847 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of McDonald’s Corporation by 4.6% during the third quarter. Chicago Partners Investment Group LLC now owns 10,826 shares of the fast-food giant’s stock valued at $1,696,000 after purchasing an additional 475 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of McDonald’s Corporation during the third quarter valued at approximately $5,954,000. GSA Capital Partners LLP purchased a new stake in shares of McDonald’s Corporation during the third quarter valued at approximately $1,517,000. Finally, Truepoint Inc. raised its stake in shares of McDonald’s Corporation by 11,583.9% during the third quarter. Truepoint Inc. now owns 156,915 shares of the fast-food giant’s stock valued at $157,000 after purchasing an additional 155,572 shares during the period. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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