Ian Frederick Borden Sells 17,134 Shares of McDonald’s (NYSE:MCD) Stock

McDonald’s Corporation (NYSE:MCD) CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction dated 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 approximately $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

McDonald’s Trading Up 1.6%

Shares of NYSE MCD traded up $4.84 during mid-day trading on Friday, reaching $309.00. 3,346,045 shares of the company’s stock were exchanged, 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 PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a fifty day simple moving average of $302.89 and a 200 day simple moving average of $304.41.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted $3.23 earnings per share. Equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCD. Petix & Botte Co increased its holdings in shares of McDonald’s by 1.3% in the 3rd quarter. Petix & Botte Co now owns 5,018 shares of the fast-food giant’s stock valued at $1,525,000 after acquiring an additional 62 shares during the period. Watts Gwilliam & Co. LLC grew its stake in McDonald’s by 4.3% in the 3rd quarter. Watts Gwilliam & Co. LLC now owns 4,243 shares of the fast-food giant’s stock valued at $1,289,000 after acquiring an additional 175 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of McDonald’s during the third quarter valued at approximately $33,214,000. Achmea Investment Management B.V. grew its position in shares of McDonald’s by 1.8% in the third quarter. Achmea Investment Management B.V. now owns 57,775 shares of the fast-food giant’s stock valued at $17,557,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Oarsman Capital Inc. raised its position in shares of McDonald’s by 12.3% during the 3rd quarter. Oarsman Capital Inc. now owns 3,132 shares of the fast-food giant’s stock valued at $952,000 after buying an additional 342 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCD shares. Citigroup lowered their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Morgan Stanley set a $335.00 target price on shares of McDonald’s in a report on Friday, October 17th. Wells Fargo & Company raised their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. KeyCorp restated an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a research report on Monday, October 20th. Finally, Guggenheim upped their target price on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned 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 target price of $324.57.

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.