Investors sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading on Wednesday after an insider sold shares in the company. $63.72 million flowed into the stock on the tick-up and $109.11 million flowed out of the stock on the tick-down, for a money net flow of $45.39 million out of the stock. Of all equities tracked, McDonald’s Corporation had the 0th highest net out-flow for the day. McDonald’s Corporation traded up $1.28 for the day and closed at $158.90Specifically, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last ninety days. 0.24% of the stock is currently owned by insiders.

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

The firm has a market capitalization of $127.89 billion, a P/E ratio of 25.85 and a beta of 0.70. The stock’s 50-day moving average price is $155.28 and its 200 day moving average price is $141.64.

McDonald’s Corporation (NYSE:MCD) last issued its 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. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, equities analysts forecast that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.38%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s payout ratio is 61.54%.

A number of hedge funds and other institutional investors have recently modified their holdings of MCD. Liberty Capital Management Inc. boosted its stake in McDonald’s Corporation by 0.9% in the first quarter. Liberty Capital Management Inc. now owns 11,832 shares of the fast-food giant’s stock valued at $1,534,000 after buying an additional 100 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in McDonald’s Corporation by 9.4% in the first quarter. Franklin Street Advisors Inc. NC now owns 54,855 shares of the fast-food giant’s stock valued at $7,110,000 after buying an additional 4,695 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in McDonald’s Corporation by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 816,742 shares of the fast-food giant’s stock valued at $105,859,000 after buying an additional 6,935 shares during the period. Fulton Bank N.A. boosted its stake in McDonald’s Corporation by 44.0% in the first quarter. Fulton Bank N.A. now owns 55,013 shares of the fast-food giant’s stock valued at $7,130,000 after buying an additional 16,807 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in McDonald’s Corporation by 6.4% in the first quarter. Confluence Investment Management LLC now owns 105,813 shares of the fast-food giant’s stock valued at $13,714,000 after buying an additional 6,346 shares during the period. 68.20% of the stock is owned by hedge funds and other institutional investors.

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About McDonald’s Corporation

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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