McDonald’s Co. (NYSE:MCD) EVP Tiffanie L. Boyd Sells 1,000 Shares

McDonald’s Co. (NYSE:MCD) EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $308.17 on Monday. The stock has a market cap of $220.18 billion, a P/E ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company’s fifty day simple moving average is $294.06 and its two-hundred day simple moving average is $295.44.

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

McDonald’s Dividend Announcement

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

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp boosted their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial cut their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Institutional Trading of McDonald’s

Hedge funds have recently made changes to their positions in the business. Mattern Capital Management LLC raised its position in shares of McDonald’s by 2.0% during 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 in the last quarter. Bell Bank raised its position in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after buying an additional 371 shares in the last quarter. Kennebec Savings Bank bought a new position in McDonald’s during the 3rd quarter valued at about $1,394,000. YANKCOM Partnership bought a new position in McDonald’s during the 4th quarter valued at about $1,628,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 0.9% during 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 purchasing an additional 49,106 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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.