McDonald’s Corp. (MCD) VP James R. Sappington Sells 8,298 Shares
McDonald’s Corp. (NYSE:MCD) VP James R. Sappington sold 8,298 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $118.08, for a total transaction of $979,827.84. Following the transaction, the vice president now owns 14,750 shares in the company, valued at approximately $1,741,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
McDonald’s Corp. (NYSE:MCD) traded down 0.15% during trading on Thursday, hitting $119.03. 1,233,050 shares of the company traded hands. McDonald’s Corp. has a 52 week low of $110.33 and a 52 week high of $131.96. The company’s 50 day moving average is $113.75 and its 200-day moving average is $119.07. The stock has a market capitalization of $98.85 billion, a PE ratio of 22.36 and a beta of 0.63.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.13. The business earned $6.42 billion during the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. Analysts predict that McDonald’s Corp. will post $5.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.94 dividend. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.89. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, November 29th. McDonald’s Corp.’s dividend payout ratio is presently 67.30%.
Several institutional investors have recently bought and sold shares of MCD. The Manufacturers Life Insurance Company bought a new position in McDonald’s Corp. during the third quarter valued at approximately $193,510,000. Ameriprise Financial Inc. increased its position in McDonald’s Corp. by 46.0% in the third quarter. Ameriprise Financial Inc. now owns 4,988,144 shares of the fast-food giant’s stock valued at $575,422,000 after buying an additional 1,571,606 shares during the period. Janus Capital Management LLC increased its position in McDonald’s Corp. by 49.3% in the second quarter. Janus Capital Management LLC now owns 4,192,114 shares of the fast-food giant’s stock valued at $504,479,000 after buying an additional 1,383,391 shares during the period. Emerald Acquisition Ltd. bought a new position in McDonald’s Corp. during the second quarter valued at approximately $158,428,000. Finally, Societe Generale bought a new position in McDonald’s Corp. during the second quarter valued at approximately $151,614,000. Institutional investors and hedge funds own 67.80% of the company’s stock.
Several brokerages have recently weighed in on MCD. Zacks Investment Research upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Tuesday. TheStreet lowered shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. BTIG Research set a $137.00 price objective on shares of McDonald’s Corp. and gave the company a “buy” rating in a report on Monday, October 24th. RBC Capital Markets set a $140.00 price objective on shares of McDonald’s Corp. and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Group set a $115.00 price objective on shares of McDonald’s Corp. and gave the company a “neutral” rating in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. McDonald’s Corp. has a consensus rating of “Hold” and a consensus price target of $126.47.
McDonald’s Corp. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
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