Marion K. Gross Sells 1,099 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) EVP Marion K. Gross sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $475,176. This represents a 41.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

McDonald’s Stock Performance

MCD opened at $304.76 on Friday. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. The stock’s fifty day moving average is $292.61 and its 200-day moving average is $293.92. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s in the 4th quarter valued at $27,000. Collier Financial purchased a new position in McDonald’s in the 4th quarter worth about $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in McDonald’s during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. TD Securities reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. KeyCorp upped their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird raised their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets upped their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.