Traders Buy McDonald's (MCD) on Weakness

Investors bought shares of McDonald's Co. (NYSE:MCD) on weakness during trading on Tuesday. $127.99 million flowed into the stock on the tick-up and $70.73 million flowed out of the stock on the tick-down, for a money net flow of $57.26 million into the stock. Of all companies tracked, McDonald's had the 11th highest net in-flow for the day. McDonald's traded down ($0.39) for the day and closed at $173.54

Several equities analysts recently commented on MCD shares. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, December 21st. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and set a $170.00 price target on shares of McDonald's in a report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. McDonald's has an average rating of “Buy” and a consensus price target of $178.52.

The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $140,570.00, a P/E ratio of 25.04, a P/E/G ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its quarterly earnings data 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. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald's’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 EPS. sell-side analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current year.

In related news, VP James R. Sappington sold 8,046 shares of the business’s 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 owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Vantage Financial Partners Ltd. Inc. acquired a new position in McDonald's during the 2nd quarter valued at approximately $322,000. Horan Capital Advisors LLC. acquired a new position in McDonald's during the 3rd quarter valued at approximately $104,000. Phocas Financial Corp. acquired a new position in McDonald's during the 2nd quarter valued at approximately $107,000. Proficio Capital Partners LLC increased its stake in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 67.28% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Traders Buy McDonald's (MCD) on Weakness” was published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/traders-buy-mcdonalds-mcd-on-weakness/1821542.html.

About McDonald's

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.

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.