Investors bought shares of McDonald’s Corporation (NYSE:MCD) on weakness during trading hours on Monday after an insider sold shares in the company. $120.46 million flowed into the stock on the tick-up and $73.00 million flowed out of the stock on the tick-down, for a money net flow of $47.46 million into the stock. Of all stocks tracked, McDonald’s Corporation had the 9th highest net in-flow for the day. McDonald’s Corporation traded down ($0.04) for the day and closed at $157.26Specifically, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,156 shares of company stock worth $10,281,996. Company insiders own 0.24% of the company’s stock.

MCD has been the subject of a number of research reports. Nomura set a $172.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a research note on Monday, June 26th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC upped their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. McDonald’s Corporation has a consensus rating of “Buy” and a consensus target price of $162.16.

The company has a 50 day moving average price of $155.03 and a 200 day moving average price of $141.40. The stock has a market cap of $127.67 billion, a price-to-earnings ratio of 25.80 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

A number of hedge funds and other institutional investors have recently made changes to their positions in MCD. Proficio Capital Partners LLC raised its position in shares of McDonald’s Corporation by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of McDonald’s Corporation by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares in the last quarter. Diversified Trust Co raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares in the last quarter. Highland Private Wealth Management raised its position in shares of McDonald’s Corporation by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after buying an additional 6 shares in the last quarter. Finally, Winch Advisory Services LLC raised its position in shares of McDonald’s Corporation by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after buying an additional 7 shares in the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

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McDonald’s Corporation 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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