McDonald’s Corporation $MCD Shares Sold by Bell & Brown Wealth Advisors LLC

Bell & Brown Wealth Advisors LLC cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,721 shares of the fast-food giant’s stock after selling 165 shares during the period. Bell & Brown Wealth Advisors LLC’s holdings in McDonald’s were worth $3,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WealthPlan Investment Management LLC lifted its position in McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 32 shares in the last quarter. Security Financial Services INC. lifted its position in McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in McDonald’s by 0.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after acquiring an additional 34 shares in the last quarter. Platform Technology Partners lifted its position in McDonald’s by 0.4% during the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 35 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its position in McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock worth $334,000 after acquiring an additional 35 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock valued at $1,973,407 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.9%

Shares of NYSE MCD opened at $308.02 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market capitalization of $219.80 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.22 and a beta of 0.50. The business has a 50 day simple moving average of $306.29 and a 200-day simple moving average of $305.54.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $2.97 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on MCD shares. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 target price (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Guggenheim cut their target price on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. BMO Capital Markets upped their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Stifel Nicolaus upped their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Finally, Melius started coverage on McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $324.68.

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.