McDonald’s Co. (NYSE:MCD) CEO Sells $2,833,755.00 in Stock

McDonald’s Co. (NYSE:MCD) CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $303.69 on Monday. The company has a fifty day simple moving average of $281.71 and a 200-day simple moving average of $270.93. The firm has a market capitalization of $218.86 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $306.96.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business earned $3.17 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.69 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Tigress Financial raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays decreased their price objective on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Citigroup raised their target price on McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Guggenheim boosted their price target on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America dropped their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $308.22.

Institutional Investors Weigh In On McDonald’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth about $28,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $38,000. Kings Path Partners LLC acquired a new position in shares of McDonald’s in the 2nd quarter worth approximately $38,000. Accent Capital Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $44,000. Finally, Transcendent Capital Group LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Company Profile

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.