McDonald’s Co. (NYSE:MCD) Insider Sells $286,395.00 in Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares of the company’s stock, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

McDonald’s Stock Up 1.1 %

MCD traded up $3.27 during trading on Tuesday, reaching $310.84. The company’s stock had a trading volume of 3,889,823 shares, compared to its average volume of 3,223,390. The company has a market cap of $222.75 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.74. The firm has a fifty day simple moving average of $292.80 and a two-hundred day simple moving average of $294.35. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly 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%. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Hedge Funds Weigh In On McDonald’s

Several large investors have recently made changes to their positions in MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at $25,000. Atala Financial Inc purchased a new stake in McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Wedbush upped their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Bank of America upped their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, KeyCorp increased their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.