Insider Selling: McDonald's Co. (NYSE:MCD) CMO Sells 3,200 Shares of Stock

McDonald's Co. (NYSE:MCD - Get Free Report) CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company's stock, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

McDonald's Trading Up 0.7 %

Shares of MCD traded up $2.05 during midday trading on Friday, hitting $305.10. 1,588,381 shares of the company's stock traded hands, compared to its average volume of 3,152,625. The stock has a market capitalization of $218.64 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm's fifty day moving average is $292.45 and its 200-day moving average is $293.51.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mattern Capital Management LLC lifted its position in McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares during the period. Kennebec Savings Bank purchased a new position in shares of McDonald's in the third quarter worth about $1,394,000. YANKCOM Partnership acquired a new stake in shares of McDonald's during the fourth quarter worth about $1,628,000. Charles Schwab Investment Management Inc. boosted its position in McDonald's by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after buying an additional 49,106 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in McDonald's by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. Morgan Stanley boosted their price objective on McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Citigroup upped their price target on shares of McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Barclays lifted their price objective on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price 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. Finally, Piper Sandler decreased their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.