DeDora Capital Inc. Sells 43 Shares of McDonald’s Corporation $MCD

DeDora Capital Inc. lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,980 shares of the fast-food giant’s stock after selling 43 shares during the quarter. DeDora Capital Inc.’s holdings in McDonald’s were worth $871,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new position in McDonald’s in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Bank of America decreased their target price 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. Truist Financial decreased their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a research report on Thursday, July 10th. Finally, Melius initiated coverage on shares of McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $324.68.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm’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 transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock valued at $1,973,407 in the last 90 days. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.9%

Shares of MCD stock opened at $308.02 on Friday. The company has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.25 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. The firm has a 50 day moving average of $306.29 and a 200-day moving average of $305.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results 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. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm posted $2.97 EPS. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current 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 paid a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 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.