Mcdonald’s Corp (NYSE:MCD) Director John W. Rogers, Jr. Buys 1,000 Shares of Stock

Mcdonald’s Corp (NYSE:MCD) Director John W. Rogers, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $194.12 per share, with a total value of $194,120.00. Following the acquisition, the director now directly owns 88,500 shares of the company’s stock, valued at approximately $17,179,620. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

MCD stock opened at $194.28 on Tuesday. Mcdonald’s Corp has a twelve month low of $169.04 and a twelve month high of $221.93. The company’s 50 day moving average is $201.52 and its two-hundred day moving average is $207.17. The stock has a market cap of $146.10 billion, a P/E ratio of 24.59, a PEG ratio of 3.09 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the business posted $2.10 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Mcdonald’s Corp will post 7.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.57%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. Mcdonald’s’s dividend payout ratio (DPR) is presently 58.73%.

MCD has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Morgan Stanley lowered their target price on shares of Mcdonald’s from $220.00 to $214.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. UBS Group lowered their target price on shares of Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays set a $230.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, KeyCorp lowered their target price on shares of Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Mcdonald’s presently has a consensus rating of “Buy” and a consensus target price of $222.96.

A number of hedge funds have recently added to or reduced their stakes in MCD. Krane Funds Advisors LLC acquired a new position in shares of Mcdonald’s in the 2nd quarter valued at $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Mcdonald’s in the 2nd quarter valued at $27,000. Atlas Capital Advisors LLC increased its holdings in shares of Mcdonald’s by 330.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after acquiring an additional 109 shares during the period. Garrett Wealth Advisory Group LLC acquired a new position in shares of Mcdonald’s in the 3rd quarter valued at $30,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Mcdonald’s in the 3rd quarter valued at $30,000. 68.89% of the stock is currently owned by institutional investors.

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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