McDonald’s Co. (NYSE:MCD – Get Rating) saw strong trading volume on Tuesday following a stronger than expected earnings report. 1,978,926 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 2,660,209 shares.The stock last traded at $291.60 and had previously closed at $293.20.
The fast-food giant reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The business’s revenue was up 4.1% on a year-over-year basis.
McDonald’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were issued a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, February 28th. McDonald’s’s dividend payout ratio is presently 72.81%.
Analyst Upgrades and Downgrades
Insider Activity at McDonald’s
In other news, EVP Marion K. Gross sold 1,396 shares of McDonald’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total transaction of $370,554.24. Following the completion of the sale, the executive vice president now directly owns 308 shares in the company, valued at $81,755.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Catherine A. Hoovel sold 2,876 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the completion of the sale, the senior vice president now directly owns 1,184 shares in the company, valued at $319,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,396 shares of McDonald’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total transaction of $370,554.24. Following the transaction, the executive vice president now directly owns 308 shares in the company, valued at $81,755.52. The disclosure for this sale can be found here. Insiders sold 8,122 shares of company stock worth $2,177,681 over the last 90 days. Company insiders own 0.18% of the company’s stock.
Institutional Investors Weigh In On McDonald’s
Several large investors have recently made changes to their positions in MCD. Covestor Ltd increased its position in shares of McDonald’s by 103.4% in the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after acquiring an additional 210 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of McDonald’s by 7.7% in the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares during the period. Mackenzie Financial Corp boosted its stake in shares of McDonald’s by 4.8% in the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after purchasing an additional 23,643 shares during the period. Stevens Capital Management LP purchased a new position in shares of McDonald’s in the first quarter valued at $1,108,000. Finally, Equitable Holdings Inc. boosted its stake in shares of McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after purchasing an additional 3,490 shares during the period. Institutional investors and hedge funds own 66.86% of the company’s stock.
McDonald’s Stock Down 0.6 %
The firm has a market capitalization of $212.81 billion, a PE ratio of 34.91, a P/E/G ratio of 3.43 and a beta of 0.63. The firm’s 50 day moving average price is $274.91 and its two-hundred day moving average price is $269.32.
McDonald’s Company Profile
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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