Traders Buy Shares of McDonald's (MCD) on Weakness

Investors bought shares of McDonald's Co. (NYSE:MCD) on weakness during trading on Tuesday. $127.99 million flowed into the stock on the tick-up and $70.73 million flowed out of the stock on the tick-down, for a money net flow of $57.26 million into the stock. Of all equities tracked, McDonald's had the 11th highest net in-flow for the day. McDonald's traded down ($0.39) for the day and closed at $173.54

A number of equities research analysts have weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and set a $170.00 price target on shares of McDonald's in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, September 19th. Mizuho reiterated a “buy” rating and set a $173.00 price target (up from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Finally, UBS Group set a $170.00 price target on shares of McDonald's and gave the company a “hold” rating in a research report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $178.52.

The firm has a market cap of $140,570.00, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. sell-side analysts predict that McDonald's Co. will post 6.53 earnings per share for the current year.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, 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 currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of McDonald's by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of McDonald's by 10.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares during the period. Tredje AP fonden increased its holdings in shares of McDonald's by 26.7% in the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the period. Beaton Management Co. Inc. acquired a new position in shares of McDonald's in the 2nd quarter valued at $555,000. Finally, Buckingham Asset Management LLC increased its holdings in shares of McDonald's by 157.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the period. 67.28% of the stock is currently owned by institutional investors and hedge funds.

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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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