McDonald’s Co. (NYSE:MCD) EVP Marion K. Gross Sells 1,099 Shares

McDonald’s Co. (NYSE:MCD) EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This represents a 41.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

McDonald’s Stock Performance

Shares of MCD stock traded up $1.71 during trading hours on Friday, hitting $304.76. The company had a trading volume of 3,034,758 shares, compared to its average volume of 3,198,654. The firm has a market capitalization of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm’s fifty day moving average is $292.45 and its 200 day moving average is $293.51.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp boosted their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Institutional Investors Weigh In On McDonald’s

A number of large investors have recently bought and sold shares of the business. Mattern Capital Management LLC boosted its position in McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Kennebec Savings Bank bought a new position in McDonald’s in the 3rd quarter valued at $1,394,000. YANKCOM Partnership bought a new position in McDonald’s in the 4th quarter valued at $1,628,000. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after buying an additional 49,106 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.