Insider Selling: McDonald’s Co. (NYSE:MCD) Insider Sells 1,099 Shares of Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.12 during mid-day trading on Tuesday, hitting $296.31. The company’s stock had a trading volume of 2,252,222 shares, compared to its average volume of 3,499,777. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market cap of $212.34 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.86 and a beta of 0.74. The business has a 50-day moving average price of $299.84 and a 200 day moving average price of $278.40.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is presently 58.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $44,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at $38,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the 3rd quarter worth $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCD. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial lowered their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Company Profile

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.