McDonald’s Co. (NYSE:MCD) CFO Ian Frederick Borden Sells 5,939 Shares

McDonald’s Co. (NYSE:MCD) CFO Ian Frederick Borden sold 5,939 shares of McDonald’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the sale, the chief financial officer now directly owns 20,403 shares of the company’s stock, valued at $6,121,716.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

McDonald’s Stock Performance

MCD stock traded up $1.21 during midday trading on Tuesday, reaching $300.27. The company’s stock had a trading volume of 2,319,945 shares, compared to its average volume of 3,458,272. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The stock has a fifty day simple moving average of $278.25 and a two-hundred day simple moving average of $270.62. The firm has a market capitalization of $216.40 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm earned $3.17 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.22%. McDonald’s’s dividend payout ratio is presently 56.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of McDonald’s by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in McDonald’s by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of McDonald’s by 3.2% during the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after buying an additional 188,888 shares during the period. Gallagher Fiduciary Advisors LLC grew its holdings in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after buying an additional 5,609,736 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in McDonald’s by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after acquiring an additional 2,193,769 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim raised their price target on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group boosted their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial lowered their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $307.48.

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.