Joseph M. Erlinger Sells 1,099 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

McDonald’s Trading Up 0.9 %

MCD stock opened at $293.99 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $210.68 billion, a P/E ratio of 25.81, a P/E/G ratio of 3.95 and a beta of 0.73. The company’s 50-day moving average price is $297.55 and its 200 day moving average price is $282.95.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $3.19 EPS. On average, equities research analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, KeyCorp upped their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Twelve investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

Institutional Trading of McDonald’s

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in McDonald’s by 9.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 116,020 shares of the fast-food giant’s stock worth $29,567,000 after acquiring an additional 10,161 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $766,000. Eagle Bay Advisors LLC raised its position in shares of McDonald’s by 23.4% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,215 shares of the fast-food giant’s stock worth $564,000 after purchasing an additional 420 shares during the last quarter. Harbour Investments Inc. grew its holdings in McDonald’s by 3.5% during the 2nd quarter. Harbour Investments Inc. now owns 17,389 shares of the fast-food giant’s stock valued at $4,431,000 after buying an additional 588 shares during the last quarter. Finally, Hall Capital Management Co. Inc. grew its holdings in McDonald’s by 0.5% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 12,465 shares of the fast-food giant’s stock valued at $3,176,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

About McDonald’s

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.