McDonald’s Co. (NYSE:MCD) Insider Sells $291,377.87 in Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $258.11 on Friday. The business has a 50-day moving average of $272.79 and a two-hundred day moving average of $283.37. The firm has a market capitalization of $186.02 billion, a PE ratio of 21.91, a P/E/G ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.63 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. McDonald’s’s payout ratio is 56.71%.

Institutional Trading of McDonald’s

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its holdings in McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares during the period. Capital Research Global Investors grew its position in McDonald’s by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after acquiring an additional 2,193,769 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the period. Finally, Swedbank AB purchased a new stake in shares of McDonald’s during the first quarter valued at approximately $348,206,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Stephens reissued an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. TD Cowen restated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Monday, May 20th. BMO Capital Markets lowered their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Morgan Stanley cut their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Company Profile

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.