Insider Selling: McDonald’s Co. (NYSE:MCD) Insider Sells 1,098 Shares of Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a filing with the SEC, which is accessible through this link.

McDonald’s Stock Up 2.2 %

Shares of NYSE MCD opened at $259.39 on Monday. The business’s 50 day moving average price is $264.43 and its two-hundred day moving average price is $280.20. The company has a market cap of $186.94 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.86 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.58%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

MCD has been the topic of several analyst reports. Guggenheim lowered their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Truist Financial cut their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. TD Cowen reaffirmed a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. Finally, Stifel Nicolaus dropped their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Institutional Trading of McDonald’s

Institutional investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the first quarter worth approximately $28,000. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $31,000. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the 3rd quarter worth $33,000. Clear Investment Research LLC bought a new position in shares of McDonald’s in the fourth quarter worth $38,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in McDonald’s during the fourth quarter worth about $39,000. 70.29% of the stock is currently owned by institutional investors.

About McDonald’s

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.