Mcdonald’s Corp (MCD) VP Catherine A. Hoovel Sells 1,328 Shares

Mcdonald’s Corp (NYSE:MCD) VP Catherine A. Hoovel sold 1,328 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $175.95, for a total transaction of $233,661.60. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at approximately $439,699.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:MCD opened at $179.97 on Monday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $190.88. The stock has a market cap of $138.74 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.41 and a beta of 0.52.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Mcdonald’s’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect that Mcdonald’s Corp will post 8.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 28th. Mcdonald’s’s payout ratio is currently 58.73%.

A number of equities research analysts have recently weighed in on MCD shares. Sanford C. Bernstein reaffirmed a “buy” rating and set a $195.00 target price on shares of Mcdonald’s in a research note on Tuesday, October 23rd. Royal Bank of Canada set a $190.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Wednesday, October 24th. Barclays reaffirmed a “buy” rating and set a $198.00 target price on shares of Mcdonald’s in a research note on Wednesday, October 24th. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 target price on shares of Mcdonald’s in a research note on Wednesday, October 24th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and set a $174.00 target price on shares of Mcdonald’s in a research note on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $192.35.

Large investors have recently bought and sold shares of the stock. New Capital Management LP lifted its stake in shares of Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after buying an additional 55 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of Mcdonald’s by 0.5% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock worth $2,099,000 after buying an additional 56 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in shares of Mcdonald’s by 0.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after buying an additional 59 shares in the last quarter. CMH Wealth Management LLC lifted its stake in shares of Mcdonald’s by 0.5% in the fourth quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock worth $2,091,000 after buying an additional 60 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake in shares of Mcdonald’s by 2.2% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock worth $494,000 after buying an additional 60 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

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About Mcdonald’s

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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