Insider Selling: McDonald’s Co. (NYSE:MCD) EVP Sells 3,409 Shares of Stock

McDonald’s Co. (NYSE:MCD) EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

McDonald’s Price Performance

NYSE:MCD traded up $0.29 during trading hours on Tuesday, reaching $289.89. The company’s stock had a trading volume of 1,915,539 shares, compared to its average volume of 3,443,814. The company has a market cap of $207.74 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day moving average is $294.93 and its 200-day moving average is $284.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Institutional Trading of McDonald’s

A number of institutional investors and hedge funds have recently modified their holdings of MCD. Van ECK Associates Corp boosted its position in shares of McDonald’s by 1.2% in the second quarter. Van ECK Associates Corp now owns 16,358 shares of the fast-food giant’s stock valued at $4,169,000 after acquiring an additional 192 shares during the period. Interchange Capital Partners LLC acquired a new stake in McDonald’s in the 2nd quarter worth $288,000. Financial Counselors Inc. increased its holdings in shares of McDonald’s by 11.4% during the 2nd quarter. Financial Counselors Inc. now owns 209,509 shares of the fast-food giant’s stock worth $53,391,000 after purchasing an additional 21,484 shares during the period. LCM Capital Management Inc raised its position in shares of McDonald’s by 1.9% during the second quarter. LCM Capital Management Inc now owns 2,851 shares of the fast-food giant’s stock valued at $727,000 after buying an additional 52 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in McDonald’s during the second quarter worth about $684,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Truist Financial cut their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Citigroup raised their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $320.65.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It 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 sells various other products during limited-time promotions.