McDonald’s Co. (NYSE:MCD) Insider Joseph M. Erlinger Sells 1,098 Shares

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

McDonald’s Price Performance

MCD opened at $276.81 on Wednesday. The company has a fifty day moving average price of $282.61 and a 200-day moving average price of $281.45. The firm has a market capitalization of $199.58 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. On average, analysts expect that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Institutional Trading of McDonald’s

Hedge funds have recently made changes to their positions in the stock. Shulman DeMeo Asset Management LLC lifted its holdings in shares of McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the last quarter. Mengis Capital Management Inc. lifted its holdings in shares of McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after acquiring an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in shares of McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Stephens restated an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Morgan Stanley decreased their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Royal Bank of Canada decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.