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

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

McDonald’s Trading Up 0.4 %

MCD stock opened at $300.27 on Wednesday. The firm has a 50 day moving average of $279.11 and a 200-day moving average of $270.68. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The firm has a market capitalization of $216.40 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.17 earnings per share. Sell-side analysts predict that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Analyst Ratings Changes

Several analysts have recently commented on MCD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. TD Cowen restated a “hold” rating and set a $280.00 price target on shares of McDonald’s in a research report on Monday. Morgan Stanley reduced their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus reduced their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. 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, the company has an average rating of “Moderate Buy” and an average target price of $307.48.

Institutional Investors Weigh In On McDonald’s

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Gilbert & Cook Inc. raised its stake in McDonald’s by 20.7% in the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after purchasing an additional 753 shares in the last quarter. Aveo Capital Partners LLC raised its stake in shares of McDonald’s by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 240 shares in the last quarter. 9258 Wealth Management LLC raised its stake in shares of McDonald’s by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after acquiring an additional 113 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of McDonald’s by 99.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after acquiring an additional 2,935 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $5,190,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

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.