Mcdonald’s Corp (NYSE:MCD) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 5,960,700 shares, a decrease of 12.7% from the June 30th total of 6,829,000 shares. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is presently 2.0 days. Approximately 0.8% of the company’s shares are short sold.
MCD traded up $0.20 on Friday, reaching $218.47. The company’s stock had a trading volume of 2,464,010 shares, compared to its average volume of 3,121,591. The stock has a 50 day moving average of $213.85 and a two-hundred day moving average of $197.07. The company has a market capitalization of $166.87 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.15 and a beta of 0.49. Mcdonald’s has a fifty-two week low of $156.56 and a fifty-two week high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.99 earnings per share. On average, research analysts forecast that Mcdonald’s will post 8 EPS for the current year.
A number of brokerages have issued reports on MCD. Longbow Research lowered shares of Mcdonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Mcdonald’s in a research note on Monday, July 29th. They set a “buy” rating and a $250.00 price target on the stock. Wells Fargo & Co boosted their price objective on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens boosted their price objective on Mcdonald’s from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, UBS Group boosted their price objective on Mcdonald’s from $203.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mcdonald’s has a consensus rating of “Buy” and an average price target of $220.23.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MCD. Krane Funds Advisors LLC purchased a new stake in Mcdonald’s in the second quarter valued at approximately $25,000. Litman Gregory Asset Management LLC purchased a new stake in Mcdonald’s in the second quarter valued at approximately $27,000. Atlas Capital Advisors LLC lifted its stake in Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after buying an additional 109 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in Mcdonald’s in the fourth quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. purchased a new stake in Mcdonald’s in the second quarter valued at approximately $34,000. 68.21% of the stock is owned by hedge funds and other institutional investors.
Mcdonald’s Company Profile
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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