McDonald’s Corporation (NYSE:MCD) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 9,135 shares of the fast-food giant’s stock after selling 78 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in McDonald’s were worth $2,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC raised its stake in shares of McDonald’s by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after buying an additional 109 shares during the last quarter. Aviva PLC raised its stake in shares of McDonald’s by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after buying an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of McDonald’s by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of McDonald’s by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock valued at $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC raised its stake in shares of McDonald’s by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock valued at $17,078,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

NYSE MCD opened at $301.86 on Tuesday. The stock’s fifty day moving average is $303.84 and its two-hundred day moving average is $302.65. The firm has a market capitalization of $215.84 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. McDonald’s Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday. Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Truist Financial lifted their price target on McDonald’s from $350.00 to $356.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Redburn Atlantic restated a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Finally, Piper Sandler lifted their price target on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $319.48.

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.