McDonald’s Co. (NYSE:MCD) EVP Desiree Ralls-Morrison Sells 3,409 Shares

McDonald’s Co. (NYSE:MCD) EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

McDonald’s Stock Up 0.9 %

McDonald’s stock opened at $292.51 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $209.62 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.95 and a beta of 0.73. The firm’s fifty day moving average is $294.75 and its 200 day moving average is $284.60.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MCD shares. The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lifted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.65.

Institutional Investors Weigh In On McDonald’s

Several institutional investors have recently modified their holdings of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC bought a new position in McDonald’s during the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the third quarter valued at approximately $72,000. 70.29% of the stock is owned by institutional investors.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.