Manuel Jm Steijaert Sells 6,567 Shares of McDonald’s (NYSE:MCD) Stock

McDonald’s Corporation (NYSE:MCD) EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link.

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 Stock Up 2.3%

MCD opened at $307.61 on Thursday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business has a 50 day moving average price of $303.76 and a two-hundred day moving average price of $303.98. The company has a market cap of $219.06 billion, a PE ratio of 26.25, a P/E/G ratio of 3.37 and a beta of 0.52.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 earnings per share. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 63.48%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Guggenheim raised their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. TD Cowen lifted their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. KeyCorp reissued an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a research note on Monday, October 20th. Finally, BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. 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 company currently has a consensus rating of “Hold” and a consensus target price of $324.57.

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in McDonald’s during the first quarter worth $26,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter worth $26,000. Evergreen Private Wealth LLC boosted its position in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after buying an additional 52 shares in the last quarter. Decker Retirement Planning Inc. grew its stake in McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Company Profile

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.