Catherine A. Hoovel Sells 457 Shares of Mcdonald’s Corp (NYSE:MCD) Stock
Mcdonald’s Corp (NYSE:MCD) VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares in the company, valued at $294,066.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Mcdonald’s stock traded up $0.31 during mid-day trading on Monday, hitting $218.78. The stock had a trading volume of 160,601 shares, compared to its average volume of 3,338,645. The firm has a 50-day moving average of $213.85 and a two-hundred day moving average of $197.07. Mcdonald’s Corp has a 12-month low of $156.56 and a 12-month high of $221.93. The firm has a market cap of $165.76 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 3.13 and a beta of 0.49.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.99 EPS. On average, equities research analysts anticipate that Mcdonald’s Corp will post 8.01 earnings per share for the current year.
Several large investors have recently bought and sold shares of MCD. Norges Bank acquired a new stake in Mcdonald’s during the 4th quarter worth approximately $1,326,793,000. Nuveen Asset Management LLC raised its holdings in shares of Mcdonald’s by 2,674.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock valued at $1,185,221,000 after purchasing an additional 5,501,809 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Mcdonald’s by 21,724.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,151,660 shares of the fast-food giant’s stock valued at $315,166,000 after purchasing an additional 3,137,219 shares in the last quarter. FMR LLC raised its holdings in shares of Mcdonald’s by 15.3% in the 4th quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock valued at $3,792,318,000 after purchasing an additional 2,831,716 shares in the last quarter. Finally, Ronna Sue Cohen raised its stake in Mcdonald’s by 18,528.9% during the 1st quarter. Ronna Sue Cohen now owns 2,408,909 shares of the fast-food giant’s stock worth $2,409,000 after acquiring an additional 2,395,978 shares in the last quarter. 68.25% of the stock is owned by hedge funds and other institutional investors.
MCD has been the subject of a number of research reports. Barclays set a $230.00 price objective on Mcdonald’s and gave the company a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Mizuho upped their price objective on shares of Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Longbow Research cut shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on shares of Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $220.23.
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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