McDonald’s Co. (NYSE:MCD) Chairman Enrique Hernandez, Jr. Sells 4,500 Shares

McDonald’s Co. (NYSE:MCDGet Rating) Chairman Enrique Hernandez, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $264.02, for a total value of $1,188,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

McDonald’s Stock Performance

NYSE:MCD opened at $264.23 on Tuesday. The company has a market cap of $195.41 billion, a PE ratio of 32.54, a PEG ratio of 3.21 and a beta of 0.56. McDonald’s Co. has a 52-week low of $217.68 and a 52-week high of $271.15. The stock has a 50-day simple moving average of $249.01 and a 200 day simple moving average of $247.60.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, beating the consensus estimate of $2.47 by $0.08. McDonald’s had a negative return on equity of 135.58% and a net margin of 25.77%. The firm had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 9.8 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $5.52 annualized dividend and a yield of 2.09%. McDonald’s’s dividend payout ratio (DPR) is presently 67.98%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norwood Financial Corp acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Artemis Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $28,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $34,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $37,000. Finally, Rational Advisors LLC lifted its position in shares of McDonald’s by 60.6% in the first quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. 68.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MCD. Atlantic Securities upgraded McDonald’s from a “neutral” rating to an “overweight” rating and upped their price target for the company from $245.00 to $278.00 in a research report on Wednesday, June 29th. BTIG Research reduced their price objective on McDonald’s from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, April 19th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $260.00 to $275.00 in a research note on Tuesday, May 3rd. Truist Financial boosted their price objective on McDonald’s from $273.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Credit Suisse Group boosted their price objective on McDonald’s from $285.00 to $287.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.19.

McDonald’s Company Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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