Investors Sell Mcdonald’s (MCD) on Strength Following Insider Selling

Investors sold shares of Mcdonald’s Corp (NYSE:MCD) on strength during trading hours on Monday after an insider sold shares in the company. $78.42 million flowed into the stock on the tick-up and $151.78 million flowed out of the stock on the tick-down, for a money net flow of $73.36 million out of the stock. Of all equities tracked, Mcdonald’s had the 12th highest net out-flow for the day. Mcdonald’s traded up $1.38 for the day and closed at $198.90Specifically, EVP Jerome N. Krulewitch sold 20,641 shares of Mcdonald’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $196.40, for a total value of $4,053,892.40. Following the completion of the sale, the executive vice president now owns 20,641 shares in the company, valued at $4,053,892.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the completion of the sale, the chief financial officer now owns 42,647 shares of the company’s stock, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,039 shares of company stock worth $33,486,290. Corporate insiders own 0.22% of the company’s stock.

A number of analysts recently issued reports on MCD shares. Wells Fargo & Co lifted their price target on shares of Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, January 11th. Royal Bank of Canada reiterated a “buy” rating and set a $205.00 target price on shares of Mcdonald’s in a research note on Wednesday, January 30th. Stephens upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $180.00 to $200.00 in a research note on Tuesday, February 19th. Robert W. Baird boosted their target price on shares of Mcdonald’s from $196.00 to $205.00 in a research note on Monday, April 1st. Finally, Zacks Investment Research lowered shares of Mcdonald’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $202.39.

The firm has a market cap of $150.54 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.76 and a beta of 0.54.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). Mcdonald’s had a net margin of 28.20% and a negative return on equity of 96.25%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Mcdonald’s’s revenue was down 3.6% compared to the same quarter last year. Research analysts anticipate that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Mcdonald’s by 16,975.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after purchasing an additional 14,910,259 shares during the period. Norges Bank acquired a new position in Mcdonald’s in the fourth quarter worth approximately $1,326,793,000. FMR LLC increased its holdings in Mcdonald’s by 15.3% in the fourth quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after buying an additional 2,831,716 shares during the last quarter. Ronna Sue Cohen increased its holdings in Mcdonald’s by 18,528.9% in the first quarter. Ronna Sue Cohen now owns 2,408,909 shares of the fast-food giant’s stock worth $2,409,000 after buying an additional 2,395,978 shares during the last quarter. Finally, American International Group Inc. increased its holdings in Mcdonald’s by 719.4% in the fourth quarter. American International Group Inc. now owns 2,683,386 shares of the fast-food giant’s stock worth $476,489,000 after buying an additional 2,355,895 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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Mcdonald’s Company Profile (NYSE:MCD)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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