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 company's stock in a transaction 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 sale, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

McDonald's Trading Up 0.6%

Shares of NYSE:MCD traded up $1.9130 on Tuesday, hitting $310.6130. The company had a trading volume of 2,892,827 shares, compared to its average volume of 3,555,519. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The business has a 50 day moving average of $298.34 and a 200 day moving average of $305.35. The company has a market cap of $221.65 billion, a PE ratio of 26.62, a PEG ratio of 3.15 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the business earned $2.97 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 60.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MCD shares. Piper Sandler upped their target price on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. BMO Capital Markets restated an "outperform" rating and set a $350.00 price target (up from $345.00) on shares of McDonald's in a research note on Thursday, August 7th. Finally, Guggenheim restated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus price target of $326.87.

Institutional Investors Weigh In On McDonald's

Several institutional investors and hedge funds have recently modified their holdings of MCD. Brighton Jones LLC boosted its holdings in McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC boosted its holdings in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in McDonald's by 313.8% in the fourth quarter. Jump Financial LLC now owns 3,567 shares of the fast-food giant's stock valued at $1,034,000 after purchasing an additional 2,705 shares during the last quarter. Hedge funds and other 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.

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