McDonald’s (NYSE:MCD) EVP Sells $3,945,716.28 in Stock

McDonald’s Corporation (NYSE:MCD) EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

McDonald’s Trading Up 0.4%

Shares of NYSE:MCD traded up $1.27 on Friday, hitting $299.68. The company had a trading volume of 1,591,351 shares, compared to its average volume of 3,443,824. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market cap of $213.85 billion, a PE ratio of 25.70, a PEG ratio of 3.23 and a beta of 0.50. The business has a 50 day moving average of $304.67 and a 200 day moving average of $305.20.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.23 earnings per share. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

Institutional Trading of McDonald’s

Several hedge funds have recently modified their holdings of MCD. Brighton Jones LLC lifted its position in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. SSA Swiss Advisors AG acquired a new position in McDonald’s in the first quarter valued at about $175,000. Penserra Capital Management LLC lifted its position in McDonald’s by 48.6% during the first quarter. Penserra Capital Management LLC now owns 2,781 shares of the fast-food giant’s stock worth $867,000 after purchasing an additional 909 shares during the period. Finally, LBP AM SA acquired a new stake in McDonald’s during the first quarter worth about $3,667,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a report on Friday, October 17th. Barclays lowered their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Finally, Robert W. Baird raised their price objective on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus target price of $323.91.

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.