Insider Selling: McDonald’s Co. (NYSE:MCD) EVP Sells 1,000 Shares of Stock

McDonald’s Co. (NYSE:MCD) EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

McDonald’s Stock Down 0.6 %

MCD stock opened at $308.17 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The business has a 50 day moving average of $294.06 and a 200-day moving average of $295.09. The firm has a market cap of $220.84 billion, a PE ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent research reports. Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Wedbush lifted their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. BMO Capital Markets lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Hedge Funds Weigh In On McDonald’s

Several institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the third quarter worth $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter worth $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the fourth quarter worth $29,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of McDonald’s during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.