Investors Sell McDonald’s (MCD) on Strength (MCD)

Investors sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading on Wednesday. $78.45 million flowed into the stock on the tick-up and $143.15 million flowed out of the stock on the tick-down, for a money net flow of $64.70 million out of the stock. Of all stocks tracked, McDonald’s had the 19th highest net out-flow for the day. McDonald’s traded up $0.49 for the day and closed at $173.48

Several brokerages recently issued reports on MCD. BidaskClub raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. ValuEngine downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a research note on Monday, August 14th. Nomura set a $183.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Longbow Research raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price objective for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. McDonald’s currently has a consensus rating of “Buy” and an average price target of $173.95.

The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The stock has a market cap of $136,039.72, a PE ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 0.67.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio is 58.30%.

In other news, VP James R. Sappington sold 8,046 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in shares of McDonald’s by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after acquiring an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. boosted its stake in shares of McDonald’s by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 1,706 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of McDonald’s by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after purchasing an additional 44,899 shares during the period. Buckingham Asset Management LLC boosted its stake in shares of McDonald’s by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after purchasing an additional 11,604 shares during the period. Finally, Holderness Investments Co. boosted its stake in shares of McDonald’s by 323.7% in the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 8,090 shares during the period. 67.40% of the stock is owned by institutional investors.

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About McDonald’s

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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