Key Points
- McDonald's EVP Manuel Jm Steijaert sold 6,567 shares on Dec. 1 at an average price of $305.50 for roughly $2.01 million, leaving him with 4,606 shares (a 58.78% drop in his ownership); he also sold 13,134 shares on Nov. 5 at about $300.42.
- McDonald's raised its quarterly dividend to $1.86 per share (annualized $7.44), yielding about 2.5% and up from the prior $1.77 payout.
- Recent quarter missed estimates: McDonald's reported EPS of $3.22 versus consensus $3.33 and revenue of $7.08 billion versus $7.10 billion expected.
McDonald's Corporation (NYSE:MCD - Get Free Report) EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Manuel Jm Steijaert also recently made the following trade(s):
- On Wednesday, November 5th, Manuel Jm Steijaert sold 13,134 shares of McDonald's stock. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28.
McDonald's Price Performance
Shares of MCD opened at $301.10 on Wednesday. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The firm has a market capitalization of $214.43 billion, a P/E ratio of 25.80, a PEG ratio of 3.23 and a beta of 0.50. The business has a fifty day moving average of $303.70 and a 200 day moving average of $303.95.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.11). McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the previous year, the business posted $3.23 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. Analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.
McDonald's Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.5%. This is a boost from McDonald's's previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald's's dividend payout ratio (DPR) is presently 63.48%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Citigroup cut their price target on McDonald's from $381.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, October 21st. Guggenheim lifted their price objective on McDonald's from $295.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 19th. KeyCorp reissued an "overweight" rating and issued a $335.00 target price on shares of McDonald's in a report on Monday, October 20th. Truist Financial decreased their target price on shares of McDonald's from $360.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, October 14th. Finally, Mizuho raised shares of McDonald's to a "hold" rating in a report on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $324.57.
Get Our Latest Analysis on McDonald's
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nova Wealth Management Inc. bought a new position in shares of McDonald's during the first quarter worth $26,000. HFM Investment Advisors LLC purchased a new stake in McDonald's in the 1st quarter worth $26,000. Evergreen Private Wealth LLC boosted its holdings in shares of McDonald's by 162.5% during the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant's stock valued at $26,000 after purchasing an additional 52 shares during the last quarter. Decker Retirement Planning Inc. grew its position in shares of McDonald's by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant's stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of McDonald's in the second quarter worth about $25,000. 70.29% of the stock is currently owned by institutional investors.
About McDonald's
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
