King Luther Capital Management Corp Sells 456 Shares of McDonald’s Corporation $MCD

King Luther Capital Management Corp lessened its stake in McDonald’s Corporation (NYSE:MCD) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,312 shares of the fast-food giant’s stock after selling 456 shares during the quarter. King Luther Capital Management Corp’s holdings in McDonald’s were worth $7,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. lifted its stake in shares of McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in McDonald’s in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald’s during the 1st quarter valued at $26,000. Finally, GFG Capital LLC purchased a new stake in McDonald’s during the 2nd quarter valued at $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MCD shares. Barclays lowered their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Wells Fargo & Company raised their price target on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a report on Thursday. Finally, Melius began 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 on the stock. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average price target of $323.91.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president 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 SEC filing for this sale provides additional information. Insiders have sold a total of 15,134 shares of company stock valued at $4,570,716 over the last quarter. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

NYSE MCD opened at $299.71 on Monday. The company has a market cap of $213.44 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The firm’s 50 day moving average price is $304.39 and its 200-day moving average price is $304.94. 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 quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during 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 business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $3.23 EPS. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

McDonald’s 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.