McDonald’s Co. (NYSE:MCD) EVP Sells $3,228,797.89 in Stock

McDonald’s Co. (NYSE:MCD) EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This trade represents a 69.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

McDonald’s Price Performance

NYSE MCD traded up $3.27 during mid-day trading on Tuesday, hitting $310.84. The company’s stock had a trading volume of 3,889,823 shares, compared to its average volume of 3,223,390. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s fifty day simple moving average is $292.80 and its two-hundred day simple moving average is $294.35. The firm has a market capitalization of $222.75 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MCD shares. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp boosted their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup increased their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Bank of America upped their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Institutional Investors Weigh In On McDonald’s

Several hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $25,000. Atala Financial Inc acquired a new stake in McDonald’s during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter worth $27,000. Collier Financial acquired a new position in McDonald’s in the 4th quarter worth $29,000. Finally, Pinney & Scofield Inc. purchased a new position in McDonald’s in the 4th quarter valued at about $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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.