McDonald’s Corporation (NYSE:MCD) Plans Quarterly Dividend of $1.86

McDonald’s Corporation (NYSE:MCD) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 2nd will be paid a dividend of 1.86 per share by the fast-food giant on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 2nd.

McDonald’s has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 49 consecutive years. McDonald’s has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect McDonald’s to earn $14.14 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 52.6%.

McDonald’s Trading Down 0.1%

Shares of NYSE MCD opened at $280.39 on Thursday. McDonald’s has a 1-year low of $271.98 and a 1-year high of $341.75. The stock’s 50-day moving average is $301.43 and its 200 day moving average is $309.54. The stock has a market cap of $199.22 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.79 and a beta of 0.43.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the business earned $2.67 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that McDonald’s will post 12.94 EPS for the current fiscal year.

Insider Activity at McDonald’s

In other news, EVP Jonathan Banner sold 6,201 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the transaction, the executive vice president owned 2,291 shares in the company, valued at approximately $763,567.39. This trade represents a 73.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $307.00, for a total transaction of $806,182.00. Following the completion of the transaction, the insider owned 8,400 shares in the company, valued at $2,578,800. This represents a 23.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,119 shares of company stock worth $3,945,973 in the last 90 days. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MCD. Your Advocates Ltd. LLP bought a new position in shares of McDonald’s in the fourth quarter worth approximately $27,000. Park Place Capital Corp grew its holdings in shares of McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 45 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of McDonald’s in the fourth quarter worth approximately $29,000. Abound Financial LLC bought a new stake in McDonald’s in the fourth quarter valued at $30,000. Finally, DecisionPoint Financial LLC boosted its holdings in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.