McDonald’s Corporation (MCD) to Distribute Quarterly Dividend of $1.86 on September 16th

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

McDonald’s has raised its dividend by an average of 0.1%annually 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect McDonald’s to earn $14.03 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 53.0%.

McDonald’s Trading Up 0.6%

Shares of NYSE MCD opened at $264.46 on Friday. The firm has a market cap of $187.90 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.82 and a beta of 0.41. McDonald’s has a 1-year low of $260.96 and a 1-year high of $341.75. The business’s 50 day moving average is $275.99 and its 200-day moving average is $298.87.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the firm posted $2.67 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that McDonald’s will post 12.86 EPS for the current year.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 8,348 shares of company stock worth $2,355,634. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On McDonald’s

Several hedge funds and other institutional investors have recently made changes to their positions in MCD. Butensky & Cohen Financial Security Inc. increased its stake in McDonald’s by 2.5% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 19,429 shares of the fast-food giant’s stock valued at $5,252,000 after acquiring an additional 483 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in shares of McDonald’s by 22.1% in the 2nd quarter. Hudson Value Partners LLC now owns 15,790 shares of the fast-food giant’s stock valued at $4,268,000 after purchasing an additional 2,862 shares in the last quarter. Whitener Capital Management Inc. boosted its holdings in shares of McDonald’s by 1.9% in the 2nd quarter. Whitener Capital Management Inc. now owns 33,453 shares of the fast-food giant’s stock valued at $9,043,000 after purchasing an additional 635 shares in the last quarter. Tema ETFs LLC boosted its holdings in shares of McDonald’s by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 14,939 shares of the fast-food giant’s stock valued at $4,038,000 after purchasing an additional 1,450 shares in the last quarter. Finally, GenWealth Group Inc. bought a new position in shares of McDonald’s in the 2nd quarter valued at $203,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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.