McDonald’s Co. (NYSE:MCD) EVP Sells $3,228,797.89 in Stock

McDonald’s Co. (NYSE:MCD) EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the sale, the executive vice president now owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $304.02 on Thursday. The company has a market cap of $217.87 billion, a P/E ratio of 26.69, a P/E/G ratio of 3.10 and a beta of 0.74. The firm’s fifty day moving average is $293.36 and its two-hundred day moving average is $294.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s dividend payout ratio is currently 62.16%.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Vanguard Group Inc. increased its holdings in shares of McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after buying an additional 526,466 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of McDonald’s by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of McDonald’s by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after buying an additional 128,800 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of McDonald’s by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter worth about $2,725,190,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, KeyCorp lifted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

About McDonald’s

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.