McDonald’s (NYSE:MCD) Insider Sells $1,493,248.64 in Stock

McDonald’s Corporation (NYSE:MCDGet Free Report) insider Joseph Erlinger sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

McDonald’s Stock Up 0.3%

NYSE:MCD traded up $0.73 during trading hours on Wednesday, reaching $282.98. 3,972,573 shares of the company’s stock were exchanged, compared to its average volume of 3,577,885. The business’s 50-day simple moving average is $290.86 and its two-hundred day simple moving average is $307.22. McDonald’s Corporation has a 12 month low of $271.85 and a 12 month high of $341.75. The company has a market capitalization of $201.06 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.6%. McDonald’s’s dividend payout ratio (DPR) is currently 61.34%.

Institutional Trading of McDonald’s

A number of hedge funds have recently modified their holdings of MCD. Curry Webb Wealth Management LLC acquired a new stake in McDonald’s in the 1st quarter worth about $444,000. FAS Wealth Partners Inc. raised its stake in McDonald’s by 1.4% in the 1st quarter. FAS Wealth Partners Inc. now owns 9,469 shares of the fast-food giant’s stock worth $2,943,000 after purchasing an additional 135 shares in the last quarter. Farmers National Bank raised its stake in McDonald’s by 1.1% in the 1st quarter. Farmers National Bank now owns 29,724 shares of the fast-food giant’s stock worth $9,238,000 after purchasing an additional 317 shares in the last quarter. Wealthquest Corp raised its stake in McDonald’s by 7.2% in the 1st quarter. Wealthquest Corp now owns 3,245 shares of the fast-food giant’s stock worth $1,009,000 after purchasing an additional 218 shares in the last quarter. Finally, Stillwater Private Wealth LLC acquired a new stake in McDonald’s in the 1st quarter worth about $668,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Key Stories Impacting McDonald’s

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays reduced their price target on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Citigroup increased their price objective on shares of McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Truist Financial increased their target price on shares of McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Jefferies Financial Group raised their price objective on shares of McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $336.26.

Read Our Latest Stock Analysis on MCD

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.

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

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