Chiron Capital Management LLC Has $884,000 Stake in McDonald’s Corporation $MCD

Chiron Capital Management LLC reduced its stake in McDonald’s Corporation (NYSE:MCD) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,026 shares of the fast-food giant’s stock after selling 604 shares during the period. Chiron Capital Management LLC’s holdings in McDonald’s were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of MCD. WealthPlan Investment Management LLC grew its position in McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after acquiring an additional 32 shares during the last quarter. Security Financial Services INC. increased its holdings in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after purchasing an additional 33 shares during the period. AGP Franklin LLC raised its position in shares of McDonald’s by 0.4% during the first quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock worth $3,125,000 after acquiring an additional 35 shares during the last quarter. WealthTrust Axiom LLC lifted its position in shares of McDonald’s by 1.8% in the 1st quarter. WealthTrust Axiom LLC now owns 1,946 shares of the fast-food giant’s stock worth $608,000 after purchasing an additional 35 shares during the period. Finally, Certior Financial Group LLC lifted its holdings in McDonald’s by 2.6% in the first quarter. Certior Financial Group LLC now owns 1,367 shares of the fast-food giant’s stock valued at $427,000 after buying an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s 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 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 position. 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 ninety days. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Royal Bank Of Canada assumed coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price on the stock. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Guggenheim reduced their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Eleven 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 company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $323.91.

McDonald’s Price Performance

NYSE:MCD opened at $306.74 on Monday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a 50 day moving average of $303.37 and a 200 day moving average of $304.53. The company has a market capitalization of $218.45 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $3.23 EPS. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $1.86 dividend. 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%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 63.48%.

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.