McDonald’s Corporation (NYSE:MCD) CMO Edith Morgan Flatley Sells 976 Shares

McDonald’s Corporation (NYSE:MCD) CMO Edith Morgan Flatley sold 976 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the transaction, the chief marketing officer owned 7,882 shares in the company, valued at approximately $2,392,187. The trade was a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Edith Morgan Flatley also recently made the following trade(s):

• On Thursday, July 10th, Edith Morgan Flatley sold 1,000 shares of McDonald’s stock. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00.

McDonald’s Stock Performance

Shares of MCD opened at $304.40 on Tuesday. The firm has a market cap of $217.66 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.17 and a beta of 0.52. McDonald’s Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32. The firm has a 50 day moving average price of $299.24 and a 200-day moving average price of $304.00.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s payout ratio is presently 62.49%.

Institutional Investors Weigh In On McDonald’s

Hedge funds have recently made changes to their positions in the business. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $25,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the first quarter worth $30,000. Finally, GFG Capital LLC purchased a new position in shares of McDonald’s in the second quarter worth $29,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MCD shares. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Melius started coverage on shares of McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Bank of America reduced their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Finally, Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $323.39.

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.