McDonald’s Co. (NYSE:MCD) EVP Sells $334,755.40 in Stock

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 transaction of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

McDonald’s Stock Up 0.6 %

Shares of MCD opened at $304.76 on Monday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s 50 day moving average price is $292.61 and its 200 day moving average price is $294.10. The company has a market cap of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Institutional Investors Weigh In On McDonald’s

A number of large investors have recently modified their holdings of the company. American Trust increased its position in shares of McDonald’s by 12.2% in the 4th quarter. American Trust now owns 8,713 shares of the fast-food giant’s stock valued at $2,526,000 after purchasing an additional 945 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $119,000. Aurdan Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $248,000. Perennial Advisors LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $7,744,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $67,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCD. Bank of America boosted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

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.