Investors sold shares of McDonald's Co. (NYSE:MCD) on strength during trading hours on Thursday. $170.85 million flowed into the stock on the tick-up and $195.15 million flowed out of the stock on the tick-down, for a money net flow of $24.30 million out of the stock. Of all equities tracked, McDonald's had the 0th highest net out-flow for the day. McDonald's traded up $3.37 for the day and closed at $161.61
A number of research firms recently issued reports on MCD. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $182.00 target price on shares of McDonald's in a research note on Monday, March 12th. Barclays reduced their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $191.00 target price (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $183.02.
The stock has a market cap of $128,398.81, a P/E ratio of 24.23, a P/E/G ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.
McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 EPS. sell-side analysts expect that McDonald's Co. will post 7.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.49%. The ex-dividend date was Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the 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 owned by corporate insiders.
A number of institutional investors have recently modified their holdings of MCD. Janus Henderson Group PLC grew its holdings in McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC boosted its holdings in shares of McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of McDonald's by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of McDonald's by 26.5% in the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after buying an additional 1,848,111 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares in the last quarter. Institutional investors own 68.59% of the company’s stock.
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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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