Traders sold shares of McDonald’s Corporation (NYSE:MCD) on strength during trading on Friday following insider selling activity. $29.23 million flowed into the stock on the tick-up and $47.32 million flowed out of the stock on the tick-down, for a money net flow of $18.09 million out of the stock. Of all companies tracked, McDonald’s Corporation had the 18th highest net out-flow for the day. McDonald’s Corporation traded up $0.06 for the day and closed at $169.11Specifically, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald’s Corporation stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

A number of research firms recently issued reports on MCD. Goldman Sachs Group, Inc. (The) set a $173.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Deutsche Bank AG set a $185.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group lifted their price target on shares of McDonald’s Corporation from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets set a $175.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $169.96.

The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market cap of $134,764.23, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.76 and a beta of 0.67.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a negative return on equity of 216.45% and a net margin of 24.19%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts forecast that McDonald’s Corporation will post 6.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 54.26%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased its stake in McDonald’s Corporation by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after purchasing an additional 5,327,778 shares during the period. Janus Henderson Group PLC increased its stake in McDonald’s Corporation by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares during the period. FMR LLC increased its stake in McDonald’s Corporation by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the period. Alliancebernstein L.P. increased its stake in McDonald’s Corporation by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the period. Finally, BlackRock Inc. increased its stake in McDonald’s Corporation by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Institutional investors and hedge funds own 67.95% of the company’s stock.

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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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