Price Don’t Lie: Could McDonald’s Corporation Change Direction After Today’s Significant Increase?

Price Don't Lie: Could McDonald's Corporation Change Direction After Today's Significant Increase?

The stock of McDonald’s Corporation (NYSE:MCD) is a huge mover today! About 1.90 million shares traded hands. McDonald’s Corporation (NYSE:MCD) has declined 3.13% since March 8, 2016 and is downtrending. It has underperformed by 12.45% the S&P500.
The move comes after 7 months positive chart setup for the $98.57B company. It was reported on Oct, 11 by We have $167.93 PT which if reached, will make NYSE:MCD worth $46.33 billion more.

Analysts await McDonald’s Corporation (NYSE:MCD) to report earnings on October, 27. They expect $1.48 earnings per share, up 5.71% or $0.08 from last year’s $1.4 per share. MCD’s profit will be $1.28 billion for 19.30 P/E if the $1.48 EPS becomes a reality. After $1.45 actual earnings per share reported by McDonald’s Corporation for the previous quarter, Wall Street now forecasts 2.07% EPS growth.

McDonald’s Corporation (NYSE:MCD) Ratings Coverage

Out of 23 analysts covering McDonald’s Corporation (NYSE:MCD), 14 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 61% are positive. McDonald’s Corporation has been the topic of 52 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained McDonald’s Corporation (NYSE:MCD) rating on Wednesday, November 11. Barclays Capital has “Overweight” rating and $125 price target. The rating was upgraded by BTIG Research to “Buy” on Tuesday, January 19. The firm earned “Buy” rating on Monday, April 25 by Deutsche Bank. The stock of McDonald’s Corporation (NYSE:MCD) has “Buy” rating given on Wednesday, November 11 by UBS. UBS maintained the stock with “Buy” rating in Friday, October 23 report. BTIG Research maintained the stock with “Buy” rating in Monday, April 25 report. The rating was maintained by Cowen & Co on Monday, April 25 with “Market Perform”. Deutsche Bank maintained the shares of MCD in a report on Tuesday, January 26 with “Buy” rating. Credit Suisse maintained McDonald’s Corporation (NYSE:MCD) rating on Monday, June 27. Credit Suisse has “Outperform” rating and $130 price target. The company was initiated on Thursday, October 8 by Suntrust Robinson.

According to Zacks Investment Research, “McDonald’s Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.04, from 0.76 in 2016Q1. The ratio fall, as 105 funds sold all McDonald’s Corporation shares owned while 619 reduced positions. 92 funds bought stakes while 432 increased positions. They now own 575.61 million shares or 9.50% less from 636.04 million shares in 2016Q1.
Carroll Fincl Assoc, a North Carolina-based fund reported 11,397 shares. Fred Alger owns 133,204 shares or 0.08% of their US portfolio. First Mercantile Trust holds 0.05% or 3,659 shares in its portfolio. Koshinski Asset Mngmt holds 6,720 shares or 0% of its portfolio. Inverness Counsel Llc Ny owns 174,686 shares or 1.63% of their US portfolio. Moreover, Analytic Investors Ltd Liability Co has 1.45% invested in McDonald’s Corporation (NYSE:MCD) for 1.02 million shares. Voya Inv Mgmt Lc last reported 3.27M shares in the company. Dillon & Associate last reported 26,445 shares in the company. Bragg Financial Advsrs Inc has 1.27% invested in the company for 58,556 shares. One Cap Management Limited Com last reported 1,982 shares in the company. Seaward Mngmt Partnership, a Massachusetts-based fund reported 68,033 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.63% of its portfolio in McDonald’s Corporation (NYSE:MCD). The Massachusetts-based Rhumbline Advisers has invested 0.51% in McDonald’s Corporation (NYSE:MCD). Integrated Wealth Counsel Limited Liability Corp has 0.19% invested in the company for 695 shares. The Minnesota-based Wealth Enhancement Advisory Ser Llc has invested 0.26% in McDonald’s Corporation (NYSE:MCD).

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 3 insider sales for $10.02 million net activity. On Monday, April 25 the insider OZAN KEVIN M sold $1.63M. 70,000 shares were sold by MCKENNA ANDREW J, worth $8.28M. $108,946 worth of McDonald’s Corporation (NYSE:MCD) shares were sold by Mullens Brian.

More important recent McDonald’s Corporation (NYSE:MCD) news were published by: which released: “McDonald’s Corporation Could Have a Whole New Restaurant Concept in the Works” on September 21, 2016, also published article titled: “McDonald’s Just Became A Top 10 Yield Play”, published: “McDonald’s Corporation Hit With Sexual Harassment Claims Across U.S.” on October 05, 2016. More interesting news about McDonald’s Corporation (NYSE:MCD) was released by: and their article: “McDonald’s Corporation (MCD): McBounce or McDip?” with publication date: October 04, 2016.

MCD Company Profile

McDonald’s Corporation (McDonald’s), incorporated on December 21, 1964, operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald’s franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Firm is primarily a franchisor, with over 80% of McDonald’s restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor. The Firm uses the developmental license ownership structure in over 70 countries with a total of approximately 5,500 restaurants.

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