McDonald’s Corporation $MCD Shares Sold by Floyd Financial Group LLC

Floyd Financial Group LLC decreased its position in McDonald’s Corporation (NYSE:MCD) by 15.0% during the second quarter, Holdings Channel reports. The firm owned 1,984 shares of the fast-food giant’s stock after selling 349 shares during the quarter. Floyd Financial Group LLC’s holdings in McDonald’s were worth $584,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in McDonald’s by 21.6% during the 4th 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 during the period. Revolve Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 52 shares in the last quarter. Copia Wealth Management purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $31,000. Mattson Financial Services LLC grew its holdings in shares of McDonald’s by 4.6% in the fourth quarter. Mattson Financial Services LLC now owns 11,168 shares of the fast-food giant’s stock valued at $3,401,000 after purchasing an additional 487 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its stake in McDonald’s by 2.8% during the 4th quarter. Capstone Triton Financial Group LLC now owns 4,416 shares of the fast-food giant’s stock worth $1,280,000 after buying an additional 120 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

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

McDonald’s Price Performance

McDonald’s stock opened at $304.34 on Thursday. The stock has a market cap of $217.18 billion, a PE ratio of 26.08, a P/E/G ratio of 3.09 and a beta of 0.50. The stock’s fifty day moving average is $306.27 and its two-hundred day moving average is $306.25. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

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

McDonald’s Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. Evercore ISI raised their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. KeyCorp reiterated an “overweight” rating and issued a $335.00 target price (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Citigroup upped their price target on McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, BMO Capital Markets increased their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $325.86.

About McDonald’s

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.