RTD Financial Advisors Inc. Lowers Position in McDonald’s Corporation $MCD

RTD Financial Advisors Inc. decreased its position in McDonald’s Corporation (NYSE:MCD) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,043 shares of the fast-food giant’s stock after selling 57 shares during the period. RTD Financial Advisors Inc.’s holdings in McDonald’s were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Brighton Jones LLC boosted its holdings in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in McDonald’s by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after buying an additional 27,774 shares in the last quarter. GHE LLC boosted its holdings in McDonald’s by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new stake in McDonald’s during the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCD shares. Truist Financial boosted their price objective on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. KeyCorp reissued an “overweight” rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Finally, Morgan Stanley upped their price target on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $325.86.

McDonald’s Trading Up 0.4%

Shares of MCD stock opened at $303.47 on Tuesday. The company has a market capitalization of $216.56 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.49. The firm has a fifty day simple moving average of $306.09 and a 200-day simple moving average of $306.29. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 in the last 90 days. 0.25% of the stock is currently owned by insiders.

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.