McDonald's Corporation (NYSE:MCD) Insider Sells $270,920.28 in Stock

McDonald's Corporation (NYSE:MCD - Get Free Report) insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider now directly owns 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

McDonald's Trading Up 0.7%

NYSE:MCD traded up $1.96 during trading hours on Monday, hitting $289.42. 5,166,745 shares of the stock traded hands, compared to its average volume of 3,515,875. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market cap of $206.94 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.00 and a beta of 0.56. The firm has a 50 day moving average price of $310.55 and a 200 day moving average price of $302.86.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate 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 was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.70 earnings per share. Research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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 2.45%. 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

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of McDonald's by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after purchasing an additional 239,753 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after acquiring an additional 157,458 shares during the period. Capital Research Global Investors boosted its holdings in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank bought a new stake in shares of McDonald's during the fourth quarter worth approximately $2,725,190,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of McDonald's by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Redburn Atlantic restated a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Barclays boosted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $321.79.

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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