McDonald’s Corporation (MCD) Insider Joseph M. Erlinger Sells 10,793 Shares of Stock

McDonald’s Corporation (NYSE:MCD) insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the transaction, the insider now directly owns 7,318 shares in the company, valued at approximately $1,130,191.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

McDonald’s Corporation (NYSE MCD) traded up 0.43% during mid-day trading on Friday, reaching $157.30. The company had a trading volume of 2,925,044 shares. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The company has a market capitalization of $127.41 billion, a price-to-earnings ratio of 25.75 and a beta of 0.70. The firm’s 50 day moving average price is $154.85 and its 200-day moving average price is $140.61.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Equities research analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

MCD has been the topic of a number of recent research reports. Wells Fargo & Company raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $131.70 to $130.76 in a research report on Monday, April 17th. They noted that the move was a valuation call. Sanford C. Bernstein raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $129.00 to $160.00 in a research report on Tuesday, April 18th. Vetr raised McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price target on the stock in a research report on Tuesday, April 18th. Nomura increased their price target on McDonald’s Corporation from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Telsey Advisory Group increased their price target on McDonald’s Corporation from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Thirteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $162.16.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in McDonald’s Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares in the last quarter. BlackRock Inc. boosted its stake in McDonald’s Corporation by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after buying an additional 1,586,761 shares in the last quarter. Northern Trust Corp boosted its stake in McDonald’s Corporation by 3.1% in the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after buying an additional 360,212 shares in the last quarter. FMR LLC boosted its stake in McDonald’s Corporation by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after buying an additional 3,530,622 shares in the last quarter. Finally, Norges Bank purchased a new stake in McDonald’s Corporation during the fourth quarter worth $960,307,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

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