McDonald's (NYSE:MCD) Stock Price Down 0.7% Following Insider Selling

McDonald's Co. (NYSE:MCD - Get Free Report)'s stock price fell 0.7% on Tuesday following insider selling activity. The stock traded as low as $257.15 and last traded at $258.61. 1,299,759 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 3,369,873 shares. The stock had previously closed at $260.38.

Specifically, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company's stock, valued at $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company's stock, valued at $4,209,734.14. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock valued at $1,100,625 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup cut their price objective on McDonald's from $312.00 to $297.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 16th. Evercore ISI reiterated an "outperform" rating and set a $330.00 price objective on shares of McDonald's in a research report on Wednesday, March 27th. Robert W. Baird dropped their target price on shares of McDonald's from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets decreased their price target on McDonald's from $335.00 to $330.00 and set an "outperform" rating for the company in a report on Wednesday, May 1st. Finally, TD Cowen reissued a "buy" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and an average target price of $315.14.

McDonald's Trading Down 1.2 %

The business has a 50-day moving average of $264.15 and a 200 day moving average of $279.82. The firm has a market capitalization of $185.46 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that McDonald's Co. will post 12.19 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.60%. McDonald's's payout ratio is presently 56.71%.

Institutional Trading of McDonald's

A number of institutional investors and hedge funds have recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald's during the 1st quarter valued at approximately $28,000. Signature Resources Capital Management LLC purchased a new position in McDonald's in the fourth quarter valued at approximately $31,000. Spartan Planning & Wealth Management bought a new position in McDonald's during the third quarter valued at $33,000. Clear Investment Research LLC purchased a new stake in McDonald's in the fourth quarter worth $38,000. Finally, Keener Financial Planning LLC bought a new stake in shares of McDonald's in the fourth quarter valued at $39,000. 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.