Investors sold shares of McDonald's Co. (NYSE:MCD) on strength during trading on Wednesday. $118.99 million flowed into the stock on the tick-up and $153.74 million flowed out of the stock on the tick-down, for a money net flow of $34.75 million out of the stock. Of all companies tracked, McDonald's had the 22nd highest net out-flow for the day. McDonald's traded up $0.02 for the day and closed at $158.24
A number of equities analysts have recently issued reports on the stock. Bank of America set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Monday, January 29th. Nomura restated a “buy” rating and issued a $198.00 price objective (up previously from $190.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Credit Suisse Group restated an “outperform” rating and issued a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research note on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $183.02.
The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The firm has a market capitalization of $125,720.00, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.37 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio is currently 55.88%.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of MCD. Green Square Capital LLC lifted its position in McDonald's by 91.5% during the 4th quarter. Green Square Capital LLC now owns 4,721 shares of the fast-food giant’s stock valued at $813,000 after purchasing an additional 2,256 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in McDonald's by 1.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 94,133 shares of the fast-food giant’s stock valued at $16,202,000 after purchasing an additional 1,418 shares during the period. Certified Advisory Corp acquired a new position in McDonald's during the 4th quarter valued at about $121,000. Ackerman Capital Advisors LLC acquired a new position in McDonald's during the 4th quarter valued at about $521,000. Finally, D.B. Root & Company LLC acquired a new position in McDonald's during the 4th quarter valued at about $1,036,000. 68.59% of the stock is currently owned by hedge funds and other institutional investors.
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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