McDonald’s (NYSE:MCD) Insider Joseph Erlinger Sells 2,626 Shares

McDonald’s Corporation (NYSE:MCDGet Free Report) insider Joseph Erlinger sold 2,626 shares of McDonald’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $307.00, for a total value of $806,182.00. Following the completion of the sale, the insider directly owned 8,400 shares in the company, valued at approximately $2,578,800. The trade was a 23.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

McDonald’s Stock Performance

NYSE:MCD traded down $1.56 during trading hours on Monday, reaching $304.13. The stock had a trading volume of 1,164,228 shares, compared to its average volume of 3,264,393. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $341.75. The company has a 50 day moving average price of $321.19 and a two-hundred day moving average price of $311.77. The stock has a market capitalization of $216.18 billion, a PE ratio of 25.44, a PEG ratio of 2.72 and a beta of 0.53.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.83 EPS. Equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is currently 62.26%.

Hedge Funds Weigh In On McDonald’s

Large investors have recently bought and sold shares of the business. Evergreen Private Wealth LLC lifted its holdings in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after buying an additional 52 shares during the period. Your Advocates Ltd. LLP purchased a new stake in shares of McDonald’s in the 4th quarter worth $27,000. Park Place Capital Corp lifted its holdings in shares of McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in shares of McDonald’s in the 4th quarter worth $29,000. Finally, Abound Financial LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Wells Fargo & Company boosted their target price on McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Truist Financial boosted their target price on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Tigress Financial boosted their target price on McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, KeyCorp boosted their target price on McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and an average price target of $339.69.

Check Out Our Latest Analysis on McDonald’s

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Get Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Insider Buying and Selling by Quarter for McDonald's (NYSE:MCD)

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