McDonald's Co. (NYSE:MCD - Get Free Report) insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
McDonald's Price Performance
McDonald's stock opened at $318.58 on Thursday. The stock has a market capitalization of $227.61 billion, a P/E ratio of 27.97, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm's 50-day moving average is $307.79 and its two-hundred day moving average is $299.60.
McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.
McDonald's Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.22%. McDonald's's payout ratio is currently 62.16%.
Analyst Ratings Changes
MCD has been the subject of several recent analyst reports. BMO Capital Markets raised their target price 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. Bank of America lifted their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Wedbush lifted their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, Loop Capital reissued a "buy" rating and issued a $342.00 target price on shares of McDonald's in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and a consensus target price of $322.74.
View Our Latest Stock Analysis on MCD
Hedge Funds Weigh In On McDonald's
Several large investors have recently added to or reduced their stakes in the business. DLK Investment Management LLC increased its stake in shares of McDonald's by 3.3% during the 1st quarter. DLK Investment Management LLC now owns 15,843 shares of the fast-food giant's stock valued at $4,949,000 after acquiring an additional 500 shares during the last quarter. KPP Advisory Services LLC increased its position in McDonald's by 26.0% during the first quarter. KPP Advisory Services LLC now owns 5,630 shares of the fast-food giant's stock worth $1,759,000 after purchasing an additional 1,162 shares during the last quarter. Sabal Trust CO raised its stake in McDonald's by 0.5% during the first quarter. Sabal Trust CO now owns 98,396 shares of the fast-food giant's stock worth $30,736,000 after purchasing an additional 517 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of McDonald's by 14.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 607 shares of the fast-food giant's stock valued at $190,000 after purchasing an additional 77 shares during the last quarter. Finally, Nova R Wealth Inc. grew its stake in shares of McDonald's by 8.7% during the 1st quarter. Nova R Wealth Inc. now owns 1,255 shares of the fast-food giant's stock valued at $392,000 after buying an additional 100 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.
About McDonald's
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
