McDonald's Co. (NYSE:MCD) CMO Edith Morgan Flatley Sells 2,346 Shares

McDonald's Co. (NYSE:MCD - Get Free Report) CMO Edith Morgan Flatley sold 2,346 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares of the company's stock, valued at approximately $900,550. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $3.48 during trading on Tuesday, hitting $313.32. 3,066,489 shares of the stock were exchanged, compared to its average volume of 3,369,963. The company has a market capitalization of $225.80 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $315.36. The company's fifty day simple moving average is $291.90 and its 200-day simple moving average is $272.91.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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 business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald's had a negative return on equity of 178.68% and a net margin of 32.25%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 EPS. On average, research analysts forecast that McDonald's Co. will post 11.71 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald's's previous quarterly dividend of $1.67. McDonald's's dividend payout ratio is 60.10%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $295.00 price objective on shares of McDonald's in a report on Monday, July 29th. Truist Financial boosted their target price on shares of McDonald's from $295.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley raised their price target on shares of McDonald's from $296.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of McDonald's from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Finally, Tigress Financial raised their target price on McDonald's from $355.00 to $360.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $314.92.

Institutional Investors Weigh In On McDonald's

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its position in shares of McDonald's by 66.9% during 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 purchasing an additional 2,193,769 shares in the last quarter. Swedbank AB bought a new stake in McDonald's during the first quarter worth about $348,206,000. Capital World Investors increased its holdings in shares of McDonald's by 39.7% during the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant's stock worth $1,005,264,000 after buying an additional 1,012,534 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of McDonald's in the second quarter valued at approximately $110,321,000. Finally, National Bank of Canada FI raised its stake in shares of McDonald's by 56.2% in the first quarter. National Bank of Canada FI now owns 1,123,132 shares of the fast-food giant's stock valued at $308,878,000 after acquiring an additional 403,958 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

About McDonald's

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.