Capital Advisors Inc. OK Sells 402 Shares of McDonald’s Corporation $MCD

Capital Advisors Inc. OK lowered its stake in McDonald’s Corporation (NYSE:MCD) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,640 shares of the fast-food giant’s stock after selling 402 shares during the period. Capital Advisors Inc. OK’s holdings in McDonald’s were worth $1,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new stake in McDonald’s in the first quarter worth $26,000. Nova Wealth Management Inc. bought a new position in McDonald’s during the first quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the first quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of McDonald’s in the 1st quarter worth about $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,402 shares of company stock worth $2,273,407. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MCD shares. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. KeyCorp restated an “overweight” rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Morgan Stanley upped their target price on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average target price of $325.86.

McDonald’s Stock Up 0.3%

Shares of NYSE:MCD opened at $300.72 on Monday. The business’s 50 day moving average is $306.93 and its 200 day moving average is $306.15. The stock has a market cap of $214.59 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 business earned $2.97 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

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.