McDonald’s Co. (NYSE:MCD – Get Rating) insider Joseph M. Erlinger sold 5,892 shares of McDonald’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total transaction of $1,468,463.16. Following the sale, the insider now directly owns 8,187 shares in the company, valued at $2,040,446.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of McDonald’s stock opened at $250.78 on Friday. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15. The company has a market cap of $185.46 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.57. The company’s 50-day moving average price is $243.65 and its 200-day moving average price is $251.48.
McDonald’s (NYSE:MCD – Get Rating) last announced its earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. McDonald’s had a net margin of 29.93% and a negative return on equity of 131.20%. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the firm posted $1.92 earnings per share. McDonald’s’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 9.83 EPS for the current year.
A number of institutional investors have recently made changes to their positions in MCD. Morgan Stanley lifted its holdings in shares of McDonald’s by 4.7% in the 2nd quarter. Morgan Stanley now owns 8,376,495 shares of the fast-food giant’s stock worth $1,934,888,000 after acquiring an additional 372,512 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of McDonald’s by 8.8% during the 3rd quarter. Congress Asset Management Co. MA now owns 2,608 shares of the fast-food giant’s stock valued at $629,000 after buying an additional 211 shares in the last quarter. Grimes & Company Inc. boosted its holdings in shares of McDonald’s by 0.6% during the 3rd quarter. Grimes & Company Inc. now owns 12,464 shares of the fast-food giant’s stock valued at $3,005,000 after buying an additional 74 shares in the last quarter. Summit Financial LLC boosted its holdings in shares of McDonald’s by 100.4% during the 3rd quarter. Summit Financial LLC now owns 4,100 shares of the fast-food giant’s stock valued at $989,000 after buying an additional 2,054 shares in the last quarter. Finally, Beaton Management Co. Inc. boosted its holdings in shares of McDonald’s by 4.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 3,748 shares of the fast-food giant’s stock valued at $904,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 68.44% of the company’s stock.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $260.00 to $275.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of McDonald’s from $268.00 to $265.00 in a report on Friday, April 29th. Morgan Stanley reduced their target price on shares of McDonald’s from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Thursday, March 17th. UBS Group reduced their target price on shares of McDonald’s from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th. Finally, StockNews.com began coverage on shares of McDonald’s in a report on Thursday, March 31st. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $281.81.
McDonald’s Company Profile (Get Rating)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.
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