Investors Buy McDonald's (MCD) on Weakness

Traders bought shares of McDonald's Co. (NYSE:MCD) on weakness during trading hours 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 research analysts have recently commented on the company. Mizuho restated a “buy” rating and issued a $173.00 target price (up previously from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Jefferies Group raised McDonald's from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $200.00 in a report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank set a $185.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Credit Suisse Group lifted their target price on McDonald's from $170.00 to $178.00 and gave the company an “outperform” 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 issued a buy rating to the company. McDonald's has an average rating of “Buy” and an average target price of $178.52.

The company has a market cap of $140,540.00, a price-to-earnings 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 quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last released its quarterly earnings data 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. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the company earned $1.62 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current year.

In other news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the company’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 transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Horan Capital Advisors LLC. acquired a new stake in McDonald's during the 3rd quarter valued at $104,000. Phocas Financial Corp. acquired a new stake in McDonald's during the 2nd quarter valued at $107,000. Proficio Capital Partners LLC grew its holdings in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in McDonald's 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 acquiring an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. grew its holdings in McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares in the last quarter. 67.28% of the stock is currently owned by institutional investors.

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McDonald's 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.

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