McDonald’s (NYSE:MCD) Insider Sells $862,220.84 in Stock

McDonald’s Corporation (NYSE:MCDGet Free Report) insider Joseph Erlinger sold 2,626 shares of McDonald’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $328.34, for a total transaction of $862,220.84. Following the sale, the insider owned 8,733 shares of the company’s stock, valued at approximately $2,867,393.22. The trade was a 23.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

McDonald’s Price Performance

MCD stock opened at $326.41 on Friday. The firm has a 50 day simple moving average of $320.28 and a two-hundred day simple moving average of $311.52. The stock has a market cap of $231.88 billion, a PE ratio of 27.31, a P/E/G ratio of 2.88 and a beta of 0.51. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter last year, the company posted $2.83 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is presently 62.26%.

Trending Headlines about McDonald’s

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MCD. Evergreen Private Wealth LLC grew its position in McDonald’s by 162.5% during the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after acquiring an additional 52 shares during the last quarter. Your Advocates Ltd. LLP bought a new stake in McDonald’s in the fourth quarter valued at approximately $27,000. Park Place Capital Corp lifted its position in McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of McDonald’s during the second quarter valued at approximately $29,000. Finally, Traub Capital Management LLC purchased a new stake in shares of McDonald’s during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup upped their price objective on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. BTIG Research raised their price objective on McDonald’s from $360.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Mizuho boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. KeyCorp upped their target price on McDonald’s from $340.00 to $354.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Robert W. Baird set a $335.00 price target on shares of McDonald’s in a research report on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $339.69.

Get Our Latest Analysis on MCD

McDonald’s Company Profile

(Get Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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

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