Insider Selling: McDonald’s Co. (NYSE:MCD) Insider Sells 1,099 Shares of Stock

McDonald’s Co. (NYSE:MCDGet Free Report) insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available at this link.

McDonald’s Stock Performance

MCD stock traded down $0.04 during midday trading on Friday, reaching $257.89. The company’s stock had a trading volume of 2,208,359 shares, compared to its average volume of 3,287,340. The stock has a fifty day simple moving average of $273.21 and a two-hundred day simple moving average of $283.34. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a market capitalization of $185.86 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 3.00 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.63 EPS. As a group, analysts forecast that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Hedge Funds Weigh In On McDonald’s

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of McDonald’s by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after buying an additional 599,745 shares during the period. Northern Trust Corp grew its stake in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares during the last quarter. Norges Bank purchased a new position in McDonald’s in the fourth quarter valued at about $2,684,899,000. Price T Rowe Associates Inc. MD grew its stake in McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its stake in McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Guggenheim reduced their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley dropped their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. TD Cowen restated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Monday. Finally, Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $317.74.

Read Our Latest Research Report on McDonald’s

About McDonald’s

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for McDonald's (NYSE:MCD)

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