On September 23, 2024, Joseph Erlinger, President of McDonald's USA, part of McDonald's Corp (MCD, Financial), executed a sale of 1,099 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 11,484.34 shares of McDonald's Corp.
McDonald's Corp operates globally as a leading foodservice retailer with more than 39,000 locations in over 100 countries. More than 90% of McDonald's restaurants worldwide are owned and operated by independent local business owners.
The shares were sold at a price of $298.57, valuing the transaction at approximately $328,000. This sale is part of a broader trend where the insider has sold a total of 21,247 shares over the past year, without any recorded purchases.
Overall, insider activity at McDonald's Corp has shown a pattern of sales with 23 insider sells and no insider buys over the past year.
The stock's market cap is currently $215.4 billion, with a price-earnings ratio of 26.27, which is above both the industry median of 22.58 and the company's historical median.
According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value of $299.64 is slightly above the current trading price, suggesting that the stock is reasonably priced based on historical trading multiples, an adjustment factor from past returns and growth, and future business performance estimates.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of confidence levels in the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
