Investors sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading hours on Monday. $70.01 million flowed into the stock on the tick-up and $108.21 million flowed out of the stock on the tick-down, for a money net flow of $38.20 million out of the stock. Of all companies tracked, McDonald’s Corporation had the 14th highest net out-flow for the day. McDonald’s Corporation traded up $1.78 for the day and closed at $167.37
A number of research firms have issued reports on MCD. Longbow Research reiterated a “neutral” rating on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and issued a $175.00 target price on shares of McDonald’s Corporation in a research note on Monday, August 14th. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC set a $164.00 target price on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. 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 a consensus price target of $169.96.
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 company has a market cap of $132,005.97, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67.
McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. equities research analysts forecast 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 an increase from McDonald’s Corporation’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 2.44%. McDonald’s Corporation’s dividend payout ratio is 54.26%.
In related news, VP James R. Sappington sold 8,046 shares of the company’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 transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Horan Capital Advisors LLC. acquired a new position in McDonald’s Corporation during the 3rd quarter worth about $104,000. Phocas Financial Corp. acquired a new position in McDonald’s Corporation during the 2nd quarter worth about $107,000. Orrstown Financial Services Inc. lifted its position in McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC lifted its position in McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in McDonald’s Corporation by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.
McDonald’s Corporation Company Profile
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 MarketBeat.com's FREE daily email newsletter.