Edith Morgan Flatley Sells 1,000 Shares of McDonald's (NYSE:MCD) Stock

Key Points

• Edith Morgan Flatley, CMO of McDonald's, sold 1,000 shares for $315,000, reducing her stake by 12.73% to 6,858 shares valued at approximately $2.16 million.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, exceeding estimates, with a net margin of 32.21% and a revenue of $6.84 billion, a 5.4% increase from the previous year.
• The company declared a quarterly dividend of $1.77 per share, with an annualized yield of 2.2%, payable on September 16 to shareholders on record as of September 2.

McDonald's Corporation (NYSE:MCD - Get Free Report) CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Edith Morgan Flatley also recently made the following trade(s):

• On Friday, August 1st, Edith Morgan Flatley sold 976 shares of McDonald's stock. The stock was sold at an average price of $303.50, for a total transaction of $296,216.00.
• On Thursday, July 10th, Edith Morgan Flatley sold 1,000 shares of McDonald's stock. The shares were sold at an average price of $300.00, for a total value of $300,000.00.

McDonald's Stock Performance

Shares of McDonald's stock traded up $1.99 on Tuesday, hitting $315.53. The stock had a trading volume of 3,226,990 shares, compared to its average volume of 3,576,539. The stock has a 50 day moving average of $301.70 and a 200 day moving average of $306.19. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market capitalization of $225.16 billion, a P/E ratio of 27.04, a PEG ratio of 3.19 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business earned $2.97 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.2%. McDonald's's dividend payout ratio is 60.67%.

Institutional Trading of McDonald's

Several hedge funds have recently bought and sold shares of MCD. Brighton Jones LLC lifted its stake in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in McDonald's by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after acquiring an additional 27,774 shares in the last quarter. GHE LLC lifted its stake in McDonald's by 0.9% during the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Triumph Capital Management bought a new position in McDonald's during the 4th quarter valued at $331,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler raised their price objective on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Stifel Nicolaus raised their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Barclays raised their price objective on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Truist Financial raised their price objective on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $326.38.

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.

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