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 stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

McDonald’s Trading Up 0.6 %

NYSE MCD opened at $304.76 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The firm’s fifty day simple moving average is $292.61 and its 200-day simple moving average is $293.76.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

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

Institutional Investors Weigh In On McDonald’s

A number of hedge funds have recently bought and sold shares of the company. American Trust boosted its holdings in McDonald’s by 12.2% during the fourth quarter. American Trust now owns 8,713 shares of the fast-food giant’s stock valued at $2,526,000 after acquiring an additional 945 shares during the period. Putney Financial Group LLC bought a new stake in McDonald’s during the fourth quarter valued at about $119,000. Aurdan Capital Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $248,000. Perennial Advisors LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $7,744,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of McDonald’s in the fourth quarter valued at about $67,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCD. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.61.

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.