McDonald’s (NYSE:MCD) Insider Joseph Erlinger Sells 3,195 Shares

McDonald’s Corporation (NYSE:MCD) insider Joseph Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider owned 6,088 shares in the company, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.98 on Tuesday, hitting $305.88. The stock had a trading volume of 838,482 shares, compared to its average volume of 3,424,686. The stock’s 50 day moving average is $303.21 and its 200-day moving average is $304.47. The firm has a market capitalization of $217.83 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm 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%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.23 EPS. Equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MCD shares. Royal Bank Of Canada assumed coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. Stifel Nicolaus upped their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Mizuho upgraded McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average price target of $323.91.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of 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 boosted its stake in McDonald’s by 2.8% during the 4th 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 during the period. SSA Swiss Advisors AG acquired a new position in McDonald’s during the 1st quarter valued at about $175,000. Chancellor Financial Group WB LP increased its stake in shares of McDonald’s by 24.3% in the first quarter. Chancellor Financial Group WB LP now owns 2,812 shares of the fast-food giant’s stock valued at $878,000 after purchasing an additional 550 shares during the period. Finally, RD Lewis Holdings Inc. increased its stake in shares of McDonald’s by 3.5% in the first quarter. RD Lewis Holdings Inc. now owns 9,753 shares of the fast-food giant’s stock valued at $3,043,000 after purchasing an additional 332 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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.