McDonald’s (NYSE:MCD) EVP Sells $769,108.68 in Stock

McDonald’s Corporation (NYSE:MCDGet Free Report) EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

McDonald’s Trading Down 1.0%

Shares of NYSE MCD opened at $273.50 on Thursday. The firm’s 50-day moving average price is $293.31 and its 200-day moving average price is $307.97. The firm has a market capitalization of $194.33 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.75 and a beta of 0.41. McDonald’s Corporation has a 1-year low of $271.98 and a 1-year high of $341.75.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given 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 dividend yield of 2.7%. McDonald’s’s payout ratio is presently 61.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $305.00 target price on shares of McDonald’s in a research report on Thursday, May 7th. Sanford C. Bernstein reissued a “market perform” rating and set a $340.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. Citigroup boosted their target price on shares of McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company decreased their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Barclays decreased their target price on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average price target of $334.45.

Check Out Our Latest Stock Report on MCD

Key Headlines Impacting McDonald’s

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

Hedge Funds Weigh In On McDonald’s

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its position 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 worth $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC raised its position 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 worth $563,000 after acquiring an additional 52 shares during the period. Sivia Capital Partners LLC raised its position in McDonald’s by 11.4% in the second quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after acquiring an additional 206 shares during the period. United Bank raised its position in McDonald’s by 6.0% in the second quarter. United Bank now owns 8,102 shares of the fast-food giant’s stock worth $2,367,000 after acquiring an additional 459 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in McDonald’s by 2.5% in the second quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant’s stock worth $3,780,000 after acquiring an additional 312 shares during the period. 70.29% of the stock is owned by institutional investors.

About McDonald’s

(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)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.