McDonald’s (NYSE:MCD) EVP Kevin M. Ozan Sells 18,636 Shares

McDonald’s (NYSE:MCD) EVP Kevin M. Ozan sold 18,636 shares of McDonald’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total value of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at approximately $4,937,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of MCD opened at $161.31 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of -6.54. The firm has a market cap of $127.88 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.40 and a beta of 0.63. McDonald’s has a 1-year low of $162.00 and a 1-year high of $163.94.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the business posted $1.47 EPS. McDonald’s’s revenue for the quarter was down 9.5% compared to the same quarter last year. sell-side analysts expect that McDonald’s will post 7.66 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC increased its holdings in McDonald’s by 7.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,318 shares of the fast-food giant’s stock valued at $749,000 after buying an additional 291 shares during the period. Jarislowsky Fraser Ltd lifted its position in McDonald’s by 0.6% during the third quarter. Jarislowsky Fraser Ltd now owns 47,268 shares of the fast-food giant’s stock valued at $7,405,000 after purchasing an additional 300 shares during the period. Cypress Capital Group lifted its position in McDonald’s by 1.2% during the third quarter. Cypress Capital Group now owns 25,888 shares of the fast-food giant’s stock valued at $4,056,000 after purchasing an additional 300 shares during the period. Regentatlantic Capital LLC lifted its position in McDonald’s by 4.1% during the fourth quarter. Regentatlantic Capital LLC now owns 7,781 shares of the fast-food giant’s stock valued at $1,339,000 after purchasing an additional 303 shares during the period. Finally, Jacobi Capital Management LLC increased its holdings in McDonald’s by 3.5% in the fourth quarter. Jacobi Capital Management LLC now owns 9,002 shares of the fast-food giant’s stock valued at $1,566,000 after buying an additional 306 shares in the last quarter. 67.90% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the company. JPMorgan Chase set a $184.00 price objective on McDonald’s and gave the company a “buy” rating in a research note on Wednesday, January 31st. Nomura reissued a “buy” rating and set a $198.00 price objective (up previously from $190.00) on shares of McDonald’s in a research note on Tuesday, January 23rd. Credit Suisse Group set a $191.00 price objective on McDonald’s and gave the company a “buy” rating in a research note on Tuesday, January 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $195.00 price objective (up previously from $180.00) on shares of McDonald’s in a research note on Wednesday, January 31st. Finally, BMO Capital Markets reissued a “buy” rating and set a $190.00 price objective on shares of McDonald’s in a research note on Monday, March 12th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $184.03.

McDonald’s Company Profile

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Insider Buying and Selling by Quarter for McDonald`s (NYSE:MCD)

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