McDonald's (NYSE:MCD) Stock Acquired Rep. Kevin Hern

Representative Kevin Hern (R-Oklahoma) recently bought shares of McDonald's Co. (NYSE:MCD). In a filing disclosed on November 15th, the Representative disclosed that they had bought between $100,001 and $250,000 in McDonald's stock on October 29th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT" account.

McDonald's Stock Performance

MCD traded down $0.42 during trading on Tuesday, reaching $290.68. 2,352,483 shares of the company traded hands, compared to its average volume of 3,501,425. The company has a market cap of $208.31 billion, a P/E ratio of 25.35, a PEG ratio of 3.89 and a beta of 0.74. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a fifty day simple moving average of $300.06 and a 200 day simple moving average of $277.60.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. McDonald's's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald's Co. will post 11.77 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald's's previous quarterly dividend of $1.67. McDonald's's dividend payout ratio (DPR) is 62.16%.

Insider Activity at McDonald's

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 48.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Bank of America increased their price target on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Loop Capital reiterated a "buy" rating on shares of McDonald's in a research report on Friday, October 18th. Tigress Financial boosted their price target on shares of McDonald's from $355.00 to $360.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. UBS Group increased their price objective on shares of McDonald's from $305.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Baird R W downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $319.46.

Institutional Investors Weigh In On McDonald's

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Quent Capital LLC boosted its stake in shares of McDonald's by 10.4% during the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant's stock valued at $848,000 after purchasing an additional 282 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of McDonald's by 13.3% in the 1st quarter. Brighton Jones LLC now owns 7,645 shares of the fast-food giant's stock valued at $2,156,000 after acquiring an additional 896 shares during the period. Wintrust Investments LLC raised its position in shares of McDonald's by 3.9% in the 1st quarter. Wintrust Investments LLC now owns 6,621 shares of the fast-food giant's stock worth $1,867,000 after acquiring an additional 250 shares in the last quarter. Banco Santander S.A. raised its position in shares of McDonald's by 3.1% in the 1st quarter. Banco Santander S.A. now owns 35,027 shares of the fast-food giant's stock worth $9,876,000 after acquiring an additional 1,062 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its stake in shares of McDonald's by 93.8% during the 1st quarter. Mizuho Markets Americas LLC now owns 34,077 shares of the fast-food giant's stock worth $9,608,000 after purchasing an additional 16,497 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald's franchisee and served on the McDonald's National Leadership Team. Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.