McDonald’s Corporation $MCD Position Cut by KCM Investment Advisors LLC

KCM Investment Advisors LLC decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 76,337 shares of the fast-food giant’s stock after selling 204 shares during the quarter. KCM Investment Advisors LLC’s holdings in McDonald’s were worth $22,303,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. First American Trust FSB boosted its position in shares of McDonald’s by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after buying an additional 13,234 shares during the period. Banque Transatlantique SA raised its stake in McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after acquiring an additional 91,313 shares in the last quarter. Hamilton Capital LLC raised its stake in McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares in the last quarter. Welch Group LLC boosted its position in McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares during the period. Finally, Graybill Wealth Management LTD. bought a new position in shares of McDonald’s in the first quarter worth $564,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday. Truist Financial dropped their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Piper Sandler reiterated a “neutral” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, October 22nd. Finally, Evercore ISI upped their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $323.91.

McDonald’s Price Performance

Shares of MCD opened at $299.71 on Friday. The firm’s 50 day moving average is $304.39 and its 200-day moving average is $305.13. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock has a market capitalization of $213.88 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.23 earnings per share. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is presently 63.48%.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,134 shares of company stock valued at $4,570,716 over the last three months. Company insiders own 0.25% of the company’s stock.

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.