McDonald's (NYSE:MCD) EVP Sells $310,000.00 in Stock

Key Points

• Jonathan Banner, EVP of McDonald's, sold 1,000 shares of stock for a total of $310,000, representing a nearly 91% decrease in his ownership.
• McDonald's reported a quarterly EPS of $3.19, beating estimates by $0.04, with a year-over-year revenue increase of 5.4%.
• The company announced a quarterly dividend of $1.77 per share, with a yield of 2.3%, and the ex-dividend date is set for September 2nd.

McDonald's Corporation (NYSE:MCD - Get Free Report) EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

McDonald's Price Performance

MCD stock traded up $0.5810 on Friday, reaching $313.8010. 2,796,690 shares of the company traded hands, compared to its average volume of 3,530,048. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $223.93 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. The firm has a fifty day simple moving average of $299.02 and a 200-day simple moving average of $305.84.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given 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 of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MCD shares. Melius started coverage on McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets reissued an "outperform" rating and issued a $350.00 target price (up previously from $345.00) on shares of McDonald's in a report on Thursday, August 7th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Finally, TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $326.38.

Institutional Trading of McDonald's

Several large investors have recently modified their holdings of the company. Carter Financial Group INC. bought a new stake in shares of McDonald's in the second quarter worth $299,000. Stance Capital LLC bought a new stake in shares of McDonald's in the second quarter worth $2,439,000. Cim Investment Management Inc. lifted its position in McDonald's by 99.7% during the second quarter. Cim Investment Management Inc. now owns 13,215 shares of the fast-food giant's stock valued at $3,846,000 after purchasing an additional 6,596 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in McDonald's by 1.3% during the second quarter. Pathway Financial Advisers LLC now owns 12,102 shares of the fast-food giant's stock valued at $3,536,000 after purchasing an additional 158 shares in the last quarter. Finally, Clarion Wealth Managment Partners LLC purchased a new position in McDonald's during the second quarter valued at $447,000. Institutional investors own 70.29% of the company's stock.

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.