Insider Selling: McDonald's Corporation (NYSE:MCD) CMO Sells 1,000 Shares of Stock

McDonald's Corporation (NYSE:MCD - Get Free Report) CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

McDonald's Stock Performance

Shares of MCD stock traded up $1.41 during trading on Friday, hitting $299.80. 4,494,100 shares of the company were exchanged, compared to its average volume of 3,532,598. The firm has a market capitalization of $214.37 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.11 and a beta of 0.53. The business's 50-day simple moving average is $304.11 and its 200 day simple moving average is $302.48. McDonald's Corporation has a twelve month low of $246.12 and a twelve month high of $326.32.

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, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 earnings per share. On average, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is 62.49%.

Hedge Funds Weigh In On McDonald's

A number of institutional investors have recently modified their holdings of MCD. Red Door Wealth Management LLC increased its position in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares during the period. Aviva PLC boosted its stake in McDonald's by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after buying an additional 23,024 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after buying an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in McDonald's by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after buying an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its stake in McDonald's by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after buying an additional 937 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Truist Financial raised their price target on shares of McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a report on Wednesday. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Citigroup increased their price objective on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, McDonald's presently has an average rating of "Hold" and an average target price of $322.29.

About McDonald's

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.