Joseph M. Erlinger sells 1,098 shares of McDonald’s Co. (NYSE:MCD)

The McDonald’s Co. Insider (NYSE:MCD – Get Your Free Report) Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink.

McDonald’s Price Performance

Shares of MCD stock opened at $289.52 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The firm has a market cap of $208.65 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The company has a 50-day simple moving average of $262.15 and a 200-day simple moving average of $270.91.

McDonald’s (NYSE:MCD – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. In the same quarter last year, the company earned $3.17 per share. The company’s quarterly revenue was down 0.1% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. to post 11.71 EPS for the current year.

McDonald’s announces dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. This represents a dividend of $6.68 on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, September 3rd. McDonald’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s Institutional Trading

Several hedge funds have recently made changes to their positions in MCD. 3Chopt Investment Partners LLC purchased a new position in McDonald’s in the second quarter valued at approximately $628,000. Pathway Financial Advisers LLC raised its position in shares of McDonald’s by 10.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock worth $2,969,000 after purchasing an additional 1,143 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in McDonald’s by 266.7% in the second quarter. EP Wealth Advisors LLC now owns 202,375 shares of the fast-food giant’s stock valued at $51,573,000 after buying an additional 147,184 shares during the period. Kimelman & Baird LLC acquired a new position in McDonald’s in the second quarter valued at approximately $7,352,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in McDonald’s by 7.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 58,352 shares of the fast-food giant’s stock worth $14,870,000 after purchasing an additional 4,153 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s shares.

Analysts set new price targets

Several research analysts recently weighed in on MCD shares. Stifel Nicolaus cut their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Barclays cut their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Guggenheim upped their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.71, based on data from MarketBeat.com.

Check out our latest review on MCD

About McDonald’s

(Get a free report)

McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. 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 selling various other items during limited-time promotions.

Featured stories

Get news and reviews for McDonald’s Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for McDonald’s and related companies with MarketBeat.com’s FREE daily email newsletter.