Investors sold shares of McDonald's Co. (NYSE:MCD) on strength during trading on Tuesday. $125.25 million flowed into the stock on the tick-up and $202.72 million flowed out of the stock on the tick-down, for a money net flow of $77.47 million out of the stock. Of all companies tracked, McDonald's had the 3rd highest net out-flow for the day. McDonald's traded up $0.48 for the day and closed at $158.22
Several brokerages have recently issued reports on MCD. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Citigroup boosted their price target on shares of McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Barclays reduced their price target on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday, January 18th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $183.02.
The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. The stock has a market cap of $125,710.00, a PE ratio of 21.88, a P/E/G ratio of 2.36 and a beta of 0.65.
McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business earned $1.44 earnings per share. McDonald's’s revenue for the quarter was down 11.4% compared to the same quarter last year. analysts expect that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is presently 55.88%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after purchasing an additional 906,303 shares in the last quarter. BlackRock Inc. increased its stake in McDonald's by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock worth $9,558,713,000 after purchasing an additional 481,739 shares in the last quarter. Capital World Investors increased its stake in McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after purchasing an additional 606,232 shares in the last quarter. Capital Research Global Investors increased its stake in McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp increased its stake in McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after purchasing an additional 360,212 shares in the last quarter. 68.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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