McDonald's Corporation (NYSE:MCD - Get Free Report) insider Joseph Erlinger sold 333 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $280.11, for a total value of $93,276.63. Following the sale, the insider directly owned 7,734 shares of the company's stock, valued at approximately $2,166,370.74. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
McDonald's Stock Up 0.7%
MCD traded up $1.83 on Wednesday, hitting $281.09. 3,801,400 shares of the company traded hands, compared to its average volume of 3,485,466. The company has a 50 day moving average of $297.94 and a 200-day moving average of $309.05. The stock has a market capitalization of $199.72 billion, a PE ratio of 23.17, a PEG ratio of 2.81 and a beta of 0.43. McDonald's Corporation has a 12-month low of $271.98 and a 12-month high of $341.75.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating the consensus estimate of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. McDonald's had a negative return on equity of 442.10% and a net margin of 31.62%.The firm's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 EPS. On average, research analysts anticipate that McDonald's Corporation will post 12.93 EPS for the current year.
McDonald's Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a yield of 2.6%. McDonald's's dividend payout ratio is currently 61.34%.
Hedge Funds Weigh In On McDonald's
Large investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake in McDonald's by 21.6% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC grew its holdings in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in McDonald's by 11.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant's stock valued at $589,000 after buying an additional 206 shares during the last quarter. United Bank grew its holdings in McDonald's by 6.0% during the 2nd quarter. United Bank now owns 8,102 shares of the fast-food giant's stock valued at $2,367,000 after buying an additional 459 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in shares of McDonald's by 2.5% during the second quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant's stock worth $3,780,000 after purchasing an additional 312 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about McDonald's
Here are the key news stories impacting McDonald's this week:
Analysts Set New Price Targets
Several analysts have commented on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $340.00 price objective on shares of McDonald's in a research note on Thursday, February 12th. Barclays cut their target price on McDonald's from $380.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, May 8th. Rothschild & Co Redburn raised McDonald's from a "sell" rating to a "neutral" rating and increased their target price for the stock from $260.00 to $306.00 in a research note on Thursday, April 23rd. Evercore set a $350.00 target price on McDonald's in a research note on Friday, May 8th. Finally, Tigress Financial increased their target price on McDonald's from $360.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average price target of $334.45.
Check Out Our Latest Analysis on MCD
McDonald's Company Profile
(
Get Free Report)
McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.
Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.
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