Insider Selling: McDonald’s Co. (NYSE:MCD) Insider Sells 939 Shares of Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

McDonald’s Stock Performance

Shares of MCD stock opened at $310.84 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day moving average of $293.10 and a two-hundred day moving average of $294.65. The firm has a market capitalization of $222.75 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at $25,000. Atala Financial Inc purchased a new position in McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial purchased a new position in McDonald’s in the fourth quarter valued at about $29,000. Finally, Pinney & Scofield Inc. purchased a new position in McDonald’s in the fourth quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Truist Financial cut their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.