McDonald’s (NYSE:MCD) CFO Sells $5,311,540.00 in Stock

McDonald’s Corporation (NYSE:MCD) CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

McDonald’s Stock Up 1.6%

Shares of NYSE:MCD traded up $4.84 on Friday, hitting $309.00. The company had a trading volume of 3,346,045 shares, compared to its average volume of 3,430,642. The firm has a market capitalization of $220.06 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.23 and a beta of 0.50. The firm’s 50-day simple moving average is $302.89 and its two-hundred day simple moving average is $304.41. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly 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 analysts’ expectations 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 for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.23 EPS. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. 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. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MCD shares. Robert W. Baird upped their target price on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Barclays lowered their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Piper Sandler reissued a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $324.57.

Institutional Trading of McDonald’s

A number of hedge funds have recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter worth $26,000. HFM Investment Advisors LLC acquired a new position in McDonald’s during the first quarter valued at $26,000. Evergreen Private Wealth LLC grew its holdings in shares of McDonald’s by 162.5% during the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares in the last quarter. Decker Retirement Planning Inc. raised its position in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Company Profile

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.