McDonald’s EVP & CFO Sells Over $1.7 Million in Shares

McDonald’s Corporation’s executive vice president and chief financial officer, Ian Frederick Borden, has recently divested a significant portion of his shares in the company. A filing revealed that Borden sold 5,939 shares of common stock at an average price of $300.04, resulting in a total of approximately $1.78 million.

These transactions occurred on September 23, as indicated in a filing dated September 24. The shares were sold in multiple trades with prices ranging from $300 to $300.22 each, with the reported price representing the weighted average of these sales. Borden has offered to provide detailed information about the share prices upon request.

On the same day, Borden also acquired shares by exercising options, acquiring 5,939 shares at a price of $97.15 each, totaling around $576,973. This indicates the use of previously granted options, which can be exercised in 25% increments on their anniversary dates.

Post these transactions, Borden’s holdings in McDonald’s stock have been adjusted, as noted in the filing’s footnotes, which also mention shares acquired from dividend reinvestments.

Insider buying and selling are often viewed by investors and market analysts as indicators of a company’s health and the executives’ confidence in its future performance. Transactions by top executives can offer valuable insights into their expectations for company growth.

McDonald’s, headquartered in Chicago, Illinois, is among the world’s leading foodservice retailers, with more than 38,000 locations across over 100 countries.

In other developments, McDonald’s has seen increased analyst attention. Recently, TD Cowen maintained a Hold rating on McDonald’s shares with a target price of $280, following a marketing event in Toronto presenting the new Big Arch burger, which has garnered interest regarding a potential U.S. release in 2025, although no official commitment has been made.

Meanwhile, Loop Capital reaffirmed a Buy rating for McDonald’s, setting a price target of $342, citing the extension of its $5 Meal Deal as a significant strategy for the quick-service restaurant sector.

Citi raised its stock price target for McDonald’s to $301, keeping a Neutral rating, which reflects an assessment of macroeconomic risks affecting the company’s International Operated Markets segment. Conversely, BofA Securities reduced its target price from $288 to $278, maintaining a Neutral rating, due to reported declines in same-store sales across all U.S. operating segments. Amid these various analyst ratings, McDonald’s reported earnings per share of $2.97 for the recent quarter, missing the consensus estimate.

These developments highlight ongoing scrutiny and speculation regarding McDonald’s financial performance and strategic initiatives.