Traders Sell Shares of McDonald's (MCD) on Strength (MCD)

Traders sold shares of McDonald's Co. (NYSE:MCD) on strength during trading hours on Thursday. $153.43 million flowed into the stock on the tick-up and $218.04 million flowed out of the stock on the tick-down, for a money net flow of $64.61 million out of the stock. Of all stocks tracked, McDonald's had the 0th highest net out-flow for the day. McDonald's traded up $0.79 for the day and closed at $160.78

A number of analysts have recently commented on MCD shares. Citigroup boosted their price target on McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Deutsche Bank boosted their price target on McDonald's to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Barclays cut their price target on McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. set a $184.00 price target on McDonald's and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $195.00 price target (up from $180.00) on shares of McDonald's in a report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $184.95.

The stock has a market capitalization of $125,790.00, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.59. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The business’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. sell-side analysts forecast that McDonald's Co. will post 7.65 EPS for the current 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 dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 207,550 shares of company stock worth $35,118,055. Company insiders own 0.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MCD. Sawtooth Solutions LLC acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $507,000. We Are One Seven LLC acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $158,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of McDonald's by 47.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 46,605 shares of the fast-food giant’s stock valued at $8,022,000 after purchasing an additional 15,000 shares during the last quarter. First Commonwealth Financial Corp PA grew its position in shares of McDonald's by 48.1% in the fourth quarter. First Commonwealth Financial Corp PA now owns 9,976 shares of the fast-food giant’s stock valued at $1,717,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Slow Capital Inc. acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $189,000. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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