Insider Selling: 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 business’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 value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

McDonald’s Trading Up 0.0%

NYSE MCD opened at $284.88 on Friday. The stock’s 50 day moving average is $289.38 and its 200 day moving average is $306.75. McDonald’s Corporation has a 12 month low of $271.85 and a 12 month high of $341.75. The stock has a market cap of $202.41 billion, a PE ratio of 23.49, a P/E/G ratio of 2.84 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results 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. The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.67 EPS. On average, analysts forecast that McDonald’s Corporation will post 12.93 EPS 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. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 2nd. McDonald’s’s dividend payout ratio is 61.34%.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Royal Bank Of Canada decreased their price objective on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Weiss Ratings cut McDonald’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Cfra raised McDonald’s to a “buy” rating in a report on Friday, May 8th. Robert W. Baird set a $305.00 price objective on McDonald’s in a report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their price objective on McDonald’s from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.26.

Check Out Our Latest Stock Analysis on McDonald’s

Trending Headlines about McDonald’s

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Hedge Funds Weigh In On McDonald’s

Several hedge funds have recently bought and sold shares of the business. Hamilton Point Investment Advisors LLC grew its position in McDonald’s by 1.8% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,750 shares of the fast-food giant’s stock valued at $535,000 after acquiring an additional 31 shares during the last quarter. Encompass More Asset Management grew its position in McDonald’s by 1.5% in the 4th quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock valued at $648,000 after acquiring an additional 32 shares during the last quarter. Richmond Investment Services LLC grew its position in McDonald’s by 1.4% in the 4th quarter. Richmond Investment Services LLC now owns 2,278 shares of the fast-food giant’s stock valued at $696,000 after acquiring an additional 32 shares during the last quarter. Papamarkou Wellner Asset Management inc. grew its position in McDonald’s by 0.4% in the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 8,809 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 32 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in McDonald’s by 1.6% in the 4th quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock valued at $642,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

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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