Insider Selling: Timothy J. Fenton Sells 24,492 Shares of McDonald's Co. Stock (MCD)
McDonald's Co. (NYSE:MCD) COO Timothy J. Fenton sold 24,492 shares of McDonald's Co. stock on the open market in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $96.00, for a total value of $2,351,232.00. Following the completion of the sale, the chief operating officer now directly owns 30,561 shares in the company, valued at approximately $2,933,856. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
McDonald's Co. (NYSE:MCD) traded up 0.36% during mid-day trading on Thursday, hitting $95.89. 1,218,297 shares of the company’s stock traded hands. McDonald's Co. has a 52 week low of $92.22 and a 52 week high of $103.70. The stock has a 50-day moving average of $95.02 and a 200-day moving average of $95.98. The company has a market cap of $95.413 billion and a price-to-earnings ratio of 17.22.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Thursday, January 23rd. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.01. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $7.11 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that McDonald's Co. will post $5.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 27th.
MCD has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald's Co. in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Wednesday, February 12th. They now have a $100.00 price target on the stock. Finally, analysts at Credit Suisse cut their EPS estimates on shares of McDonald's Co. in a research note on Tuesday. They now have a “neutral” rating and a $96.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. McDonald's Co. has a consensus rating of “Hold” and a consensus target price of $102.47.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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