Joseph M. Erlinger Sells 1,098 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

McDonald’s Trading Down 0.0 %

Shares of MCD stock opened at $276.75 on Thursday. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The company has a market cap of $199.54 billion, a P/E ratio of 23.92, a PEG ratio of 3.03 and a beta of 0.71. The firm has a fifty day moving average price of $282.38 and a 200 day moving average price of $281.41.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm posted $2.59 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s payout ratio is currently 57.74%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCD shares. TD Cowen reissued a “buy” rating and set a $325.00 target price on shares of McDonald’s in a research note on Wednesday, April 10th. Robert W. Baird restated an “outperform” rating and issued a $315.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Royal Bank of Canada lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Truist Financial reduced their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Finally, Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Institutional Trading of McDonald’s

Several institutional investors have recently modified their holdings of MCD. Douglas Lane & Associates LLC increased its position in shares of McDonald’s by 3.8% during the third quarter. Douglas Lane & Associates LLC now owns 2,129 shares of the fast-food giant’s stock worth $561,000 after purchasing an additional 78 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in McDonald’s by 14.1% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,067 shares of the fast-food giant’s stock worth $281,000 after buying an additional 132 shares during the period. Flagship Harbor Advisors LLC lifted its stake in McDonald’s by 9.4% in the third quarter. Flagship Harbor Advisors LLC now owns 6,527 shares of the fast-food giant’s stock valued at $1,719,000 after buying an additional 563 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of McDonald’s by 479.4% in the third quarter. Impact Partnership Wealth LLC now owns 394 shares of the fast-food giant’s stock valued at $104,000 after acquiring an additional 326 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of McDonald’s during the third quarter worth approximately $285,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.