McDonald’s Corporation (MCD) To Go Ex-Dividend on March 3rd

McDonald’s Corporation (NYSE:MCD) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Tuesday, March 3rd will be given a dividend of 1.86 per share by the fast-food giant on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 3rd.

McDonald’s has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 49 years. McDonald’s has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect McDonald’s to earn $13.26 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 56.1%.

McDonald’s Stock Up 1.9%

MCD opened at $340.85 on Friday. The stock has a market cap of $242.14 billion, a PE ratio of 28.52, a PEG ratio of 3.03 and a beta of 0.52. The business has a 50 day moving average of $316.42 and a 200-day moving average of $310.25. McDonald’s has a 52 week low of $283.47 and a 52 week high of $341.35.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm posted $2.83 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts anticipate that McDonald’s will post 12.25 EPS for the current year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 333 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $330.43, for a total value of $110,033.19. Following the transaction, the insider directly owned 8,733 shares of the company’s stock, valued at approximately $2,885,645.19. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total transaction of $795,520.00. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $2,005,760. The trade was a 28.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 78,084 shares of company stock worth $25,661,722. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. increased its position in shares of McDonald’s by 84.1% during the second quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock worth $41,422,000 after purchasing an additional 64,757 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in McDonald’s by 236.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock worth $1,976,000 after buying an additional 4,571 shares during the last quarter. D.A. Davidson & CO. increased its position in McDonald’s by 2.7% during the third quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock worth $43,606,000 after buying an additional 3,774 shares during the period. Choreo LLC lifted its stake in McDonald’s by 1.7% in the second quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock valued at $17,096,000 after buying an additional 954 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in McDonald’s in the third quarter valued at approximately $1,120,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.