McDonald’s Co. (NYSE:MCD) CMO Sells $962,432.00 in Stock

McDonald’s Co. (NYSE:MCD) CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

McDonald’s Stock Up 0.3 %

NYSE:MCD opened at $302.89 on Friday. The firm has a market capitalization of $217.06 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock’s 50 day moving average price is $292.45 and its two-hundred day moving average price is $293.51.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend yield of 2.34%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. Piper Sandler cut their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. KeyCorp lifted their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in McDonald’s in the 4th quarter valued at $29,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald’s in the 4th quarter valued at $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

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.