McDonald’s Corp. VP Sells $502,281 in Stock (MCD)
McDonald’s Corp. (NYSE:MCD) VP Jose Armario unloaded 5,300 shares of the stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $94.77, for a total value of $502,281.00. Following the sale, the vice president now directly owns 7,360 shares of the company’s stock, valued at approximately $697,507. The transaction was disclosed in a filing with the SEC, which is available at this link.
McDonald’s Corp. (NYSE:MCD) traded down 0.96% during mid-day trading on Wednesday, hitting $94.21. The stock had a trading volume of 4,588,607 shares. McDonald’s Corp. has a 1-year low of $83.31 and a 1-year high of $103.70. The stock has a 50-day moving average of $96.61 and a 200-day moving average of $98.82. The company has a market cap of $94.177 billion and a P/E ratio of 17.17. McDonald’s Corp. also was the recipient of unusually large options trading activity on Monday. Investors acquired 17,576 call options on the company. This represents an increase of 177% compared to the typical volume of 6,340 call options.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.51 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter last year, the company posted $1.43 earnings per share. McDonald’s Corp.’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that McDonald’s Corp. will post $5.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.77.
A number of research firms have recently commented on MCD. Analysts at Deutsche Bank cut their price target on shares of McDonald’s Corp. from $110.00 to $105.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s Corp. in a research note to investors on Tuesday. They now have a $99.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of McDonald’s Corp. to $105.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.95.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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