Traders Buy Shares of Mcdonald’s (MCD) on Weakness

Investors bought shares of Mcdonald’s Corp (NYSE:MCD) on weakness during trading hours on Monday. $158.85 million flowed into the stock on the tick-up and $91.46 million flowed out of the stock on the tick-down, for a money net flow of $67.39 million into the stock. Of all stocks tracked, Mcdonald’s had the 17th highest net in-flow for the day. Mcdonald’s traded down ($0.49) for the day and closed at $174.26

A number of brokerages recently issued reports on MCD. Jefferies Financial Group lifted their target price on Mcdonald’s from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Royal Bank of Canada set a $190.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. set a $180.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Robert W. Baird reiterated a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a research note on Wednesday, October 24th. Finally, Wells Fargo & Co set a $197.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $192.35.

The company has a market cap of $134.34 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.41 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $1.71 earnings per share. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 8.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.67%. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

In other Mcdonald’s news, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $180.27, for a total value of $5,408,100.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Ogden Fairhurst sold 76,411 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the completion of the sale, the executive vice president now owns 12,110 shares in the company, valued at $2,158,607.50. The disclosure for this sale can be found here. Insiders sold 128,447 shares of company stock valued at $23,015,775 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Psagot Investment House Ltd. boosted its position in Mcdonald’s by 83.7% during the third quarter. Psagot Investment House Ltd. now owns 8,560 shares of the fast-food giant’s stock worth $1,432,000 after purchasing an additional 3,900 shares during the period. California Capital Advisors Inc. boosted its position in Mcdonald’s by 37.7% during the third quarter. California Capital Advisors Inc. now owns 23,470 shares of the fast-food giant’s stock worth $3,926,000 after purchasing an additional 6,424 shares during the period. Manning & Napier Group LLC boosted its position in Mcdonald’s by 5.8% during the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock worth $27,159,000 after purchasing an additional 8,368 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in Mcdonald’s during the third quarter worth approximately $16,552,000. Finally, Cerebellum GP LLC boosted its position in Mcdonald’s by 27.9% during the fourth quarter. Cerebellum GP LLC now owns 1,423 shares of the fast-food giant’s stock worth $253,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2019/02/13/traders-buy-shares-of-mcdonalds-mcd-on-weakness.html.

About Mcdonald’s (NYSE:MCD)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Read More: Balanced Fund

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit