Motco Reduces Holdings in McDonald’s Corporation $MCD

Motco decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,755 shares of the fast-food giant’s stock after selling 679 shares during the quarter. Motco’s holdings in McDonald’s were worth $5,328,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. GFG Capital LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $29,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’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 completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,463 shares of company stock valued at $1,692,186. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 1.0%

Shares of McDonald’s stock opened at $306.79 on Wednesday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock has a market cap of $218.93 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.31 and a beta of 0.50. The company has a 50-day moving average of $306.44 and a two-hundred day moving average of $305.71.

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

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCD. BMO Capital Markets increased their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Barclays increased their target price on shares of McDonald’s from $360.00 to $362.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Royal Bank Of Canada started coverage on shares of McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. 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.com, the stock has a consensus rating of “Hold” and an average target price of $323.43.

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.