McDonald’s Corporation (NYSE:MCD) insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

McDonald’s Corporation (NYSE:MCD) traded up 0.63% on Friday, reaching $157.60. The company’s stock had a trading volume of 1,602,229 shares. The firm has a 50-day moving average price of $154.78 and a 200 day moving average price of $140.35. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $159.98. The firm has a market capitalization of $127.66 billion, a P/E ratio of 25.80 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

COPYRIGHT VIOLATION WARNING: “McDonald’s Corporation (NYSE:MCD) Insider Sells $1,666,870.92 in Stock” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/mcdonalds-corporation-nysemcd-insider-sells-1666870-92-in-stock.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $1,100,000. Assenagon Asset Management S.A. acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $5,605,000. Sowell Financial Services LLC acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $1,962,000. Norges Bank acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $960,307,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $1,157,000. Institutional investors own 67.52% of the company’s stock.

A number of research firms recently weighed in on MCD. UBS AG set a $143.00 target price on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. BidaskClub lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Vetr upgraded shares of McDonald’s Corporation from a “sell” rating to a “hold” rating and set a $159.47 target price on the stock in a research note on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and set a $173.00 target price (up from $164.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Thirteen research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $162.16.

About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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