Traders purchased shares of McDonald’s Corporation (NYSE:MCD) on weakness during trading hours on Friday. $389.17 million flowed into the stock on the tick-up and $116.36 million flowed out of the stock on the tick-down, for a money net flow of $272.81 million into the stock. Of all equities tracked, McDonald’s Corporation had the highest net in-flow for the day. McDonald’s Corporation traded down ($0.20) for the day and closed at $166.30

MCD has been the subject of several research reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $167.00 target price (up from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet restated a “buy” rating and issued a $172.00 target price (up from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. J P Morgan Chase & Co set a $170.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, July 20th. BTIG Research raised their target price on McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Finally, Deutsche Bank AG raised their target price on McDonald’s Corporation from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald’s Corporation presently has an average rating of “Buy” and an average price target of $168.64.

The firm has a market capitalization of $134.70 billion, a price-to-earnings ratio of 27.22 and a beta of 0.69. The firm’s 50-day moving average price is $159.62 and its 200-day moving average price is $152.01.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same period last year, the firm earned $1.45 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts predict that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.43%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders sold 69,938 shares of company stock worth $11,033,009 over the last quarter. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Phocas Financial Corp. purchased a new stake in shares of McDonald’s Corporation in the second quarter worth $107,000. Orrstown Financial Services Inc. increased its stake in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares in the last quarter. Finally, Howe & Rusling Inc. increased its stake in shares of McDonald’s Corporation by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares in the last quarter. 67.92% of the stock is 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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