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Joseph M. Erlinger, President of McDonald's USA, has sold 300 shares of McDonald's Corp (NYSE:MCD) common stock, according to a recent SEC filing. The fast-food giant, with a market capitalization of $204 billion and a "GOOD" financial health score according to InvestingPro, has maintained dividend payments for 49 consecutive years. The transaction, which took place on January 23, 2025, saw shares sold at an average price of $280.75, totaling $84,225. Following this sale, Erlinger holds approximately 7,887 shares directly. With the stock currently trading near $285 and analyst targets ranging from $280 to $360, InvestingPro analysis suggests the stock is fairly valued. Get deeper insights into insider transactions and 12+ more exclusive ProTips with an InvestingPro subscription.
In other recent news, McDonald's Corporation has seen significant developments. KeyBanc Capital Markets adjusted the company's stock target to $320, while maintaining an Overweight rating. This followed a downward revision of McDonald's U.S. same-store sales growth estimate for the fourth quarter of 2024, from 0% to -1%, primarily due to severe weather conditions. Despite these challenges, McDonald's maintains strong fundamentals and has raised its dividend for 49 consecutive years.
McDonald's and Cognizant (NASDAQ:CTSH) have also extended their technology partnership, aiming to streamline enterprise applications and advance McDonald's cloud journey. Furthermore, McDonald's board member John J. Mulligan is set to retire at the 2025 Annual Shareholders' Meeting, a development not due to disagreements with the company's operations, policies, or practices.
Morgan Stanley (NYSE:MS) maintained its Overweight rating on McDonald's shares, albeit with a slightly reduced price target of $336.00. Loop Capital also maintained its Buy rating on McDonald's stock, despite a slight underperformance in same-store sales growth in the fourth quarter of 2024. BMO Capital Markets spotlighted McDonald's as a top restaurant stock pick for 2025, due to its potential for strong sales growth and market outperformance. These are the recent developments surrounding McDonald's Corporation.
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