Jonathan Banner Sells 800 Shares of McDonald's Co. (NYSE:MCD) Stock

McDonald's Co. (NYSE:MCD - Get Free Report) EVP Jonathan Banner sold 800 shares of the business's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company's stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

McDonald's Stock Performance

Shares of NYSE MCD traded down $3.64 during trading hours on Monday, reaching $271.36. 3,839,736 shares of the stock were exchanged, compared to its average volume of 3,329,513. The firm has a market capitalization of $195.56 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 3.06 and a beta of 0.71. McDonald's Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock's fifty day simple moving average is $277.11 and its 200 day simple moving average is $283.19.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald's's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $2.63 EPS. Research analysts predict that McDonald's Co. will post 12.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on MCD shares. Bank of America upped their price objective on McDonald's from $291.00 to $341.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. BMO Capital Markets reduced their price objective on McDonald's from $335.00 to $330.00 and set an "outperform" rating for the company in a research report on Wednesday, May 1st. StockNews.com cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. JPMorgan Chase & Co. dropped their target price on McDonald's from $300.00 to $290.00 and set an "overweight" rating on the stock in a report on Wednesday, May 1st. Finally, Citigroup dropped their target price on McDonald's from $312.00 to $297.00 and set a "neutral" rating on the stock in a report on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $317.74.

Institutional Investors Weigh In On McDonald's

A number of large investors have recently added to or reduced their stakes in MCD. Independent Wealth Network Inc. lifted its position in McDonald's by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock valued at $256,000 after acquiring an additional 35 shares during the last quarter. Concentric Wealth Management LLC raised its holdings in shares of McDonald's by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant's stock worth $756,000 after buying an additional 35 shares during the last quarter. Paragon Capital Management Ltd raised its holdings in shares of McDonald's by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock worth $407,000 after buying an additional 36 shares during the last quarter. Mechanics Financial Corp raised its holdings in shares of McDonald's by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant's stock worth $1,581,000 after buying an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of McDonald's by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant's stock worth $376,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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