McDonald’s (NYSE:MCD) Insider Sells $93,276.63 in Stock

McDonald’s Corporation (NYSE:MCDGet Free Report) insider Joseph Erlinger sold 333 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $280.11, for a total value of $93,276.63. Following the sale, the insider owned 7,734 shares in the company, valued at $2,166,370.74. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

McDonald’s Stock Up 0.7%

Shares of MCD stock traded up $1.83 during mid-day trading on Wednesday, hitting $281.09. 3,801,400 shares of the company’s stock were exchanged, compared to its average volume of 3,485,466. McDonald’s Corporation has a fifty-two week low of $271.98 and a fifty-two week high of $341.75. The stock has a 50-day simple moving average of $297.94 and a two-hundred day simple moving average of $309.05. The stock has a market cap of $199.72 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.81 and a beta of 0.43.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter last year, the firm earned $2.67 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Corporation will post 12.93 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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 given a $1.86 dividend. 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 (DPR) is 61.34%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. Citigroup lifted their target price on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Tigress Financial lifted their target price on McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Guggenheim dropped their target price on McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group lifted their target price on McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.45.

Read Our Latest Research Report on MCD

Hedge Funds Weigh In On McDonald’s

A number of hedge funds have recently bought and sold shares of MCD. Norges Bank acquired a new position in McDonald’s in the fourth quarter worth about $2,890,438,000. Diamant Asset Management Inc. grew its stake in McDonald’s by 30,979.0% in the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock worth $806,917,000 after purchasing an additional 2,587,986 shares in the last quarter. J. Stern & Co. LLP grew its stake in McDonald’s by 9,867.5% in the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock worth $776,608,000 after purchasing an additional 2,515,515 shares in the last quarter. Viking Global Investors LP grew its stake in McDonald’s by 171.7% in the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after purchasing an additional 1,974,998 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in McDonald’s by 36.6% in the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after purchasing an additional 1,179,244 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

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.

Further Reading

Insider Buying and Selling by Quarter for McDonald's (NYSE:MCD)

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