Marion K. Gross Sells 1,499 Shares of McDonald’s Co. (NYSE:MCD) Stock

McDonald’s Co. (NYSE:MCD) EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

McDonald’s Stock Performance

Shares of MCD traded up $2.27 during mid-day trading on Friday, hitting $294.78. 2,239,991 shares of the company traded hands, compared to its average volume of 2,679,095. The stock has a market cap of $211.25 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.95 and a beta of 0.73. The stock has a 50-day moving average price of $294.57 and a two-hundred day moving average price of $284.66. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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

Institutional Trading of McDonald’s

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of McDonald’s in the second quarter worth about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the third quarter worth about $121,254,000. Finally, Ameriprise Financial Inc. raised its stake in McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after purchasing an additional 354,196 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley increased their price target on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.65.

McDonald’s Company Profile

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.