McDonald’s Co. (NYSE:MCD) CEO Christopher J. Kempczinski Sells 10,500 Shares

McDonald’s Co. (NYSE:MCD) CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

McDonald’s Stock Performance

NYSE:MCD opened at $308.59 on Friday. The firm has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a fifty day moving average of $291.78 and a 200 day moving average of $292.20.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, BMO Capital Markets increased their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Institutional Investors Weigh In On McDonald’s

Several hedge funds have recently added to or reduced their stakes in MCD. Exchange Traded Concepts LLC lifted its stake in McDonald’s by 1.7% during the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after purchasing an additional 42 shares during the last quarter. Creative Planning lifted its stake in McDonald’s by 1.4% during the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after purchasing an additional 4,480 shares during the last quarter. Occidental Asset Management LLC lifted its stake in McDonald’s by 14.5% during the third quarter. Occidental Asset Management LLC now owns 1,592 shares of the fast-food giant’s stock worth $485,000 after purchasing an additional 202 shares during the last quarter. Regatta Capital Group LLC increased its holdings in shares of McDonald’s by 0.9% in the third quarter. Regatta Capital Group LLC now owns 9,699 shares of the fast-food giant’s stock worth $2,953,000 after buying an additional 85 shares during the period. Finally, Acorn Creek Capital LLC purchased a new position in shares of McDonald’s in the third quarter worth about $233,000. Institutional investors own 70.29% of the company’s stock.

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.