McDonald’s Corporation $MCD Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 58.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,140 shares of the fast-food giant’s stock after selling 12,874 shares during the quarter. Generali Investments Management Co LLC’s holdings in McDonald’s were worth $2,667,000 at the end of the most recent reporting period.

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

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction 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 approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 15,134 shares of company stock valued at $4,570,716. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 0.3%

Shares of McDonald’s stock opened at $306.74 on Friday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market capitalization of $218.45 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.23 and a beta of 0.50. The company has a 50 day moving average of $303.37 and a 200 day moving average of $304.64.

McDonald’s (NYSE:MCD) last announced 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 firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.23 earnings per share. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed 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 represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MCD shares. Royal Bank Of Canada started coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Citigroup lowered their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a report on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $323.91.

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.