The McDonald’s Corp. (MCD) to Issue Quarterly Dividend of $0.94 on December 15th

The McDonald’s Corp. (MCD) to Issue Quarterly Dividend of $0.94 on  December 15th

McDonald’s Corp. (NYSE:MCD) declared a quarterly dividend on Thursday, September 29th. Stockholders of record on Thursday, December 1st will be given a dividend of 0.94 per share by the fast-food giant on Thursday, December 15th. This represents a $3.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 29th. This is an increase from McDonald’s Corp.’s previous quarterly dividend of $0.89.

McDonald’s Corp. (NYSE:MCD) opened at 120.66 on Monday. The stock has a market cap of $100.20 billion, a price-to-earnings ratio of 22.67 and a beta of 0.63. The stock has a 50 day moving average of $114.67 and a 200 day moving average of $118.67. McDonald’s Corp. has a 1-year low of $110.33 and a 1-year high of $131.96.

McDonald’s Corp. (NYSE:MCD) last released its earnings results on Friday, October 21st. The fast-food giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.13. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.28 billion. McDonald’s Corp. had a net margin of 18.74% and a return on equity of 197.51%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Equities analysts expect that McDonald’s Corp. will post $5.69 earnings per share for the current year.

A number of research analysts have issued reports on MCD shares. Credit Suisse Group AG restated an “outperform” rating and issued a $132.00 target price on shares of McDonald’s Corp. in a report on Friday, September 16th. RBC Capital Markets set a $140.00 target price on shares of McDonald’s Corp. and gave the company a “buy” rating in a report on Thursday, November 17th. Zacks Investment Research upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, November 15th. Robert W. Baird restated an “outperform” rating on shares of McDonald’s Corp. in a report on Thursday, September 8th. Finally, Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “buy” rating and set a $121.01 target price on the stock in a report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $126.51.

In related news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $113.48, for a total transaction of $3,404,400.00. Following the transaction, the chairman now directly owns 72,514 shares in the company, valued at $8,228,888.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,298 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $118.08, for a total value of $979,827.84. Following the transaction, the vice president now owns 14,750 shares in the company, valued at $1,741,680. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MCD. Balentine LLC raised its stake in shares of McDonald’s Corp. by 50.3% in the third quarter. Balentine LLC now owns 1,064 shares of the fast-food giant’s stock valued at $123,000 after buying an additional 356 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of McDonald’s Corp. by 183.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,066 shares of the fast-food giant’s stock valued at $128,000 after buying an additional 690 shares in the last quarter. Lebenthal Wealth Advisors LLC bought a new stake in shares of McDonald’s Corp. during the second quarter valued at $235,000. Nations Financial Group Inc. IA ADV raised its stake in shares of McDonald’s Corp. by 17.4% in the second quarter. Nations Financial Group Inc. IA ADV now owns 2,195 shares of the fast-food giant’s stock valued at $264,000 after buying an additional 326 shares in the last quarter. Finally, Krilogy Financial LLC raised its stake in shares of McDonald’s Corp. by 47.3% in the second quarter. Krilogy Financial LLC now owns 2,194 shares of the fast-food giant’s stock valued at $264,000 after buying an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 69.04% of the company’s stock.

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