McDonald’s Corporation $MCD Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in McDonald’s Corporation (NYSE:MCD) by 28.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,970 shares of the fast-food giant’s stock after selling 7,848 shares during the period. Intech Investment Management LLC’s holdings in McDonald’s were worth $5,835,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. MJP Associates Inc. ADV increased its holdings in McDonald’s by 7.6% in the second quarter. MJP Associates Inc. ADV now owns 3,194 shares of the fast-food giant’s stock valued at $933,000 after buying an additional 225 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of McDonald’s by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 320,799 shares of the fast-food giant’s stock worth $93,728,000 after acquiring an additional 11,210 shares during the period. WealthShield Partners LLC increased its stake in McDonald’s by 60.2% in the 2nd quarter. WealthShield Partners LLC now owns 9,616 shares of the fast-food giant’s stock valued at $2,810,000 after purchasing an additional 3,614 shares in the last quarter. OmniStar Financial Group Inc. raised its holdings in McDonald’s by 9.7% during the second quarter. OmniStar Financial Group Inc. now owns 3,529 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 313 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in McDonald’s by 6.2% during the second quarter. Meridian Wealth Management LLC now owns 7,654 shares of the fast-food giant’s stock worth $2,236,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the 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 transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’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 completion of the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 15,134 shares of company stock worth $4,570,716. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCD. Mizuho raised McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Barclays lowered their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Truist Financial reduced their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, Stifel Nicolaus raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Eleven research 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. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average target price of $323.91.

McDonald’s Price Performance

Shares of NYSE MCD opened at $306.74 on Monday. The company has a 50-day simple moving average of $303.37 and a 200-day simple moving average of $304.53. The company has a market cap of $218.45 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 EPS. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current 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 given a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 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.