McDonald’s Corporation (NYSE:MCD) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 32.7% in the first quarter, HoldingsChannel reports. The firm owned 319,832 shares of the fast-food giant’s stock after selling 155,303 shares during the quarter. Rathbones Group PLC’s holdings in McDonald’s were worth $99,906,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First American Trust FSB lifted its stake in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after acquiring an additional 13,234 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after acquiring an additional 109 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in McDonald’s by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock worth $107,867,000 after acquiring an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in McDonald’s by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after acquiring an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its stake in McDonald’s by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock worth $17,078,000 after acquiring an additional 937 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $304.39 on Tuesday. The company has a fifty day moving average price of $298.39 and a 200 day moving average price of $304.76. McDonald’s Corporation has a 12 month low of $265.33 and a 12 month high of $326.32. The company has a market cap of $217.21 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.52.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday. Bank of America reduced their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Evercore ISI boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Morgan Stanley boosted their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus target price of $326.87.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.