Insider Selling: McDonald’s Co. (NYSE:MCD) CFO Sells 5,939 Shares of Stock

McDonald’s Co. (NYSE:MCD) CFO Ian Frederick Borden sold 5,939 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the transaction, the chief financial officer now directly owns 20,403 shares of the company’s stock, valued at $6,121,716.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD traded up $1.21 during trading on Tuesday, hitting $300.27. 2,319,945 shares of the company’s stock traded hands, compared to its average volume of 3,458,272. The company has a 50-day moving average price of $278.25 and a 200-day moving average price of $270.62. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The company has a market cap of $216.40 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm posted $3.17 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. KeyCorp decreased their price target on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Barclays reduced their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Evercore ISI increased their price target on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Tigress Financial lifted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCD. Vanguard Group Inc. increased its position in McDonald’s by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after buying an additional 987,099 shares during the last quarter. Legal & General Group Plc raised its stake in shares of McDonald’s by 3.2% in the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after purchasing an additional 188,888 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in McDonald’s by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares during the last quarter. 70.29% of the stock is 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.