McDonald’s Corporation (NYSE:MCD) Insider Joseph M. Erlinger Sells 10,793 Shares

McDonald’s Corporation (NYSE:MCD) insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the transaction, the insider now directly owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

McDonald’s Corporation (MCD) opened at 157.30 on Friday. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. The company’s 50-day moving average is $154.85 and its 200-day moving average is $140.61. The company has a market cap of $127.41 billion, a P/E ratio of 25.75 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a $0.94 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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A number of large investors have recently bought and sold shares of MCD. Vantage Financial Partners Ltd. Inc. purchased a new stake in McDonald’s Corporation during the second quarter worth approximately $322,000. Orrstown Financial Services Inc. raised its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC raised its stake in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC raised its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in McDonald’s Corporation during the second quarter worth approximately $153,000. Institutional investors own 67.52% of the company’s stock.

Several research analysts have weighed in on the stock. UBS AG set a $143.00 price target on shares of McDonald’s Corporation and gave the company a “neutral” rating in a report on Wednesday, April 26th. Sanford C. Bernstein upgraded shares of McDonald’s Corporation from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $129.00 to $160.00 in a research report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and set a $159.00 target price on shares of McDonald’s Corporation in a research report on Thursday, April 27th. Argus upgraded shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.84 to $158.00 in a research report on Thursday, April 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $140.00 target price on shares of McDonald’s Corporation in a research report on Wednesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $162.16.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Insider Buying and Selling by Quarter for McDonald`s Corporation (NYSE:MCD)

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