Mcdonald’s Corp (MCD) Insider Sells $849,665.76 in Stock

Mcdonald’s Corp (NYSE:MCD) insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of MCD traded down $1.93 during mid-day trading on Friday, hitting $173.38. 2,066,700 shares of the company’s stock were exchanged, compared to its average volume of 4,098,848. Mcdonald’s Corp has a twelve month low of $146.84 and a twelve month high of $178.70. The firm has a market cap of $129.27 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the business posted $1.76 EPS. Mcdonald’s’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, research analysts predict that Mcdonald’s Corp will post 7.64 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 dividend on an annualized basis and a yield of 2.68%. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.

A number of large investors have recently bought and sold shares of MCD. Fundsmith Equity Fund L.P. acquired a new position in Mcdonald’s in the 2nd quarter valued at $1,191,239,000. AustralianSuper Pty Ltd acquired a new position in Mcdonald’s in the 2nd quarter valued at $179,723,000. Amundi Pioneer Asset Management Inc. grew its stake in Mcdonald’s by 103.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock valued at $319,509,000 after buying an additional 1,040,636 shares during the last quarter. FMR LLC grew its stake in Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after buying an additional 1,014,792 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Mcdonald’s by 30.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after buying an additional 652,752 shares during the last quarter. Institutional investors and hedge funds own 66.94% of the company’s stock.

MCD has been the topic of a number of research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and set a $185.00 price target on shares of Mcdonald’s in a report on Monday, September 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Mcdonald’s in a report on Tuesday, August 28th. Royal Bank of Canada set a $175.00 price target on Mcdonald’s and gave the company a “buy” rating in a report on Friday, September 14th. Goldman Sachs Group upped their price target on Mcdonald’s from $179.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $175.00 target price on shares of Mcdonald’s in a report on Monday, September 17th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $188.20.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Insider Buying and Selling by Quarter for Mcdonald`s (NYSE:MCD)

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