McDonald’s Corporation (MCD) To Go Ex-Dividend on September 1st

McDonald’s Corporation (NYSE:MCD) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, September 1st will be paid a dividend of 1.86 per share by the fast-food giant on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st.

McDonald’s has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 49 consecutive years. McDonald’s has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Analysts expect McDonald’s to earn $13.89 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 53.6%.

McDonald’s Trading Up 1.9%

NYSE MCD opened at $265.05 on Friday. McDonald’s has a 12 month low of $259.85 and a 12 month high of $341.75. The stock has a market cap of $187.56 billion, a PE ratio of 21.53, a P/E/G ratio of 2.97 and a beta of 0.41. The stock’s 50 day moving average is $270.67 and its 200 day moving average is $291.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.06. The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $3.19 EPS. On average, analysts forecast that McDonald’s will post 12.87 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCD. IFC & Insurance Marketing Inc. purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in McDonald’s during the 4th quarter valued at $30,000. Entrust Financial LLC purchased a new stake in McDonald’s during the 4th quarter valued at $31,000. Purpose Unlimited Inc. bought a new stake in McDonald’s in the fourth quarter worth $31,000. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald’s in the first quarter worth $33,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.