McDonald’s Co. (NYSE:MCD) CMO Edith Morgan Flatley Sells 3,200 Shares

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

McDonald’s Price Performance

MCD stock opened at $304.76 on Friday. The stock has a market capitalization of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. The company’s 50-day moving average is $292.61 and its 200-day moving average is $293.76. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Hedge Funds Weigh In On McDonald’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in McDonald’s by 21.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock valued at $42,877,000 after acquiring an additional 24,787 shares in the last quarter. Trilogy Capital Inc. lifted its position in McDonald’s by 11.0% in the 3rd quarter. Trilogy Capital Inc. now owns 1,804 shares of the fast-food giant’s stock valued at $549,000 after acquiring an additional 179 shares in the last quarter. Evernest Financial Advisors LLC lifted its position in McDonald’s by 15.7% in the 3rd quarter. Evernest Financial Advisors LLC now owns 7,071 shares of the fast-food giant’s stock valued at $2,153,000 after acquiring an additional 958 shares in the last quarter. Copeland Capital Management LLC bought a new position in McDonald’s in the 3rd quarter valued at about $127,000. Finally, Roof Eidam Maycock Peralta LLC bought a new position in McDonald’s in the 3rd quarter valued at about $211,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. KeyCorp increased 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, TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

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.