Edith Morgan Flatley Sells 3,200 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $302.89 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market cap of $217.06 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74. The business has a fifty day moving average of $292.45 and a 200-day moving average of $293.51.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. McDonald’s’s payout ratio is 62.16%.

Institutional Trading of McDonald’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCD. Allspring Global Investments Holdings LLC increased its position in McDonald’s by 21.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock worth $42,877,000 after purchasing an additional 24,787 shares during the period. Trilogy Capital Inc. increased its position in McDonald’s by 11.0% in the third quarter. Trilogy Capital Inc. now owns 1,804 shares of the fast-food giant’s stock worth $549,000 after purchasing an additional 179 shares during the period. Evernest Financial Advisors LLC boosted its holdings in McDonald’s by 15.7% during the third quarter. Evernest Financial Advisors LLC now owns 7,071 shares of the fast-food giant’s stock worth $2,153,000 after buying an additional 958 shares during the last quarter. Copeland Capital Management LLC bought a new position in McDonald’s during the third quarter worth about $127,000. Finally, Roof Eidam Maycock Peralta LLC bought a new position in McDonald’s during the third quarter worth about $211,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Robert W. Baird raised their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.