Edith Morgan Flatley Sells 976 Shares of McDonald's Corporation (NYSE:MCD) Stock

Key Points

• Edith Morgan Flatley, McDonald's CMO, sold 976 shares on August 1st for $296,216, reducing her ownership by 11.02% to 7,882 shares.
• McDonald's reported $2.67 EPS for its last quarter, matching estimates, but its revenue fell 3.5% year-over-year to $5.96 billion, missing analyst expectations.
• The company declared a quarterly dividend of $1.77 per share, to be paid on September 16th, representing an annual yield of 2.3%.

McDonald's Corporation (NYSE:MCD - Get Free Report) CMO Edith Morgan Flatley sold 976 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the transaction, the chief marketing officer directly owned 7,882 shares of the company's stock, valued at $2,392,187. The trade was a 11.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, July 10th, Edith Morgan Flatley sold 1,000 shares of McDonald's stock. The stock was sold at an average price of $300.00, for a total value of $300,000.00.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.65 during mid-day trading on Monday, hitting $304.54. The company's stock had a trading volume of 2,000,383 shares, compared to its average volume of 3,585,019. The firm has a market capitalization of $217.76 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 3.17 and a beta of 0.52. McDonald's Corporation has a 1 year low of $265.33 and a 1 year high of $326.32. The stock's fifty day moving average is $299.44 and its two-hundred day moving average is $303.83.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. On average, equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 62.49%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. UNIVEST FINANCIAL Corp lifted its stake in McDonald's by 5.5% during the second quarter. UNIVEST FINANCIAL Corp now owns 13,388 shares of the fast-food giant's stock worth $3,912,000 after purchasing an additional 701 shares in the last quarter. Aljian Capital Management LLC lifted its stake in McDonald's by 1.0% during the second quarter. Aljian Capital Management LLC now owns 6,528 shares of the fast-food giant's stock worth $1,907,000 after purchasing an additional 62 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in McDonald's by 105.8% during the second quarter. Simon Quick Advisors LLC now owns 15,615 shares of the fast-food giant's stock worth $4,562,000 after purchasing an additional 8,027 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in McDonald's by 3.5% during the second quarter. Arbor Capital Management Inc. ADV now owns 4,416 shares of the fast-food giant's stock worth $1,316,000 after purchasing an additional 148 shares in the last quarter. Finally, Strs Ohio lifted its stake in McDonald's by 2.9% during the second quarter. Strs Ohio now owns 219,448 shares of the fast-food giant's stock worth $64,116,000 after purchasing an additional 6,226 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Robert W. Baird boosted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Piper Sandler boosted their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Citigroup boosted their price objective on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, McDonald's presently has a consensus rating of "Hold" and an average price target of $323.39.

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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