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McDonald's USA president Erlinger sells $319,918 in stock

Published 24/12/2024, 00:52
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Joseph M. Erlinger, President of McDonald's USA, recently sold 1,099 shares of McDonald's Corp (NYSE:MCD) common stock. The shares were sold on December 23 at a weighted average price of $291.10 per share, amounting to a total transaction value of approximately $319,918. The transaction occurred as McDonald's, a $209 billion market cap company, maintains a "GOOD" financial health score according to InvestingPro analysis. Following this sale, Erlinger holds 8,187.34 shares directly. The sales were executed in multiple trades, with prices ranging from $289.97 to $292.06 per share. The stock, which has raised its dividend for 49 consecutive years, generally trades with low price volatility. InvestingPro subscribers can access 10+ additional insights and a comprehensive Pro Research Report covering McDonald's complete financial picture.

In other recent news, BMO Capital Markets has spotlighted McDonald's, Domino's Pizza (NYSE:DPZ), and Starbucks (NASDAQ:SBUX) as its top restaurant stock picks for 2025, citing their potential to capitalize on market opportunities and deliver strong sales growth. McDonald's recent dips in share price have been seen as a buying opportunity, backed by a solid 3.7% revenue growth. Domino's Pizza is expected to continue its trend of solid comparable store sales growth and market share gains, while Starbucks is anticipated to benefit from the initiatives of new CEO Brian Niccol.

Additionally, McDonald's has been the focus of several significant developments. Bernstein, a market analysis firm, highlighted McDonald's in its review of the U.S. restaurant sector despite expressing caution about restaurant concepts with international exposure. Piper Sandler maintained its neutral stance on McDonald's, noting steady growth and a solid dividend yield.

In the face of industry-wide challenges, McDonald's demonstrated resilience in its third-quarter performance for 2024, reporting a slight increase in adjusted earnings per share and a 6% dividend increase. The U.S. Centers for Disease Control and Prevention (CDC) closed the case on an E. coli outbreak linked to McDonald's Quarter Pounder hamburgers, allowing the company to resume sales of the popular menu item.

Lastly, McDonald's USA announced the launch of a new value menu called McValue in 2025, designed to offer savings on both personalized orders and popular items. These are among the recent developments from the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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