Joseph M. Erlinger Sells 1,099 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

McDonald’s Trading Up 0.9 %

Shares of NYSE MCD opened at $293.99 on Thursday. The stock has a market cap of $210.68 billion, a P/E ratio of 25.81, a PEG ratio of 3.95 and a beta of 0.73. The business’s fifty day simple moving average is $297.16 and its 200-day simple moving average is $283.21. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MCD shares. Evercore ISI increased their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. KeyCorp raised their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $320.65.

Institutional Investors Weigh In On McDonald’s

A number of large investors have recently modified their holdings of MCD. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $31,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s during the 2nd quarter worth about $38,000. Hara Capital LLC purchased a new stake in McDonald’s during the third quarter worth approximately $44,000. Finally, Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at approximately $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

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.