McDonald’s Corporation $MCD Shares Sold by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. lessened its stake in McDonald’s Corporation (NYSE:MCD) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,520 shares of the fast-food giant’s stock after selling 58 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in McDonald’s were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atwater Malick LLC increased its holdings in shares of McDonald’s by 0.3% in the second quarter. Atwater Malick LLC now owns 39,298 shares of the fast-food giant’s stock valued at $11,482,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC increased its holdings in shares of McDonald’s by 40.2% in the second quarter. Synergy Asset Management LLC now owns 4,573 shares of the fast-food giant’s stock valued at $1,336,000 after purchasing an additional 1,312 shares during the last quarter. Verus Financial Partners Inc. increased its holdings in shares of McDonald’s by 8.9% in the second quarter. Verus Financial Partners Inc. now owns 1,040 shares of the fast-food giant’s stock valued at $305,000 after purchasing an additional 85 shares during the last quarter. Mattern Capital Management LLC increased its holdings in shares of McDonald’s by 1.4% in the second quarter. Mattern Capital Management LLC now owns 29,970 shares of the fast-food giant’s stock valued at $8,756,000 after purchasing an additional 422 shares during the last quarter. Finally, Exchange Capital Management Inc. increased its holdings in shares of McDonald’s by 1.5% in the second quarter. Exchange Capital Management Inc. now owns 11,245 shares of the fast-food giant’s stock valued at $3,285,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. Stifel Nicolaus increased their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Redburn Atlantic reissued a “sell” rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Barclays raised their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. TD Securities reissued a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Finally, Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $325.86.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,402 shares of company stock valued at $2,273,407. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.1%

Shares of NYSE MCD opened at $300.09 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a fifty day simple moving average of $306.88 and a 200-day simple moving average of $306.19. The stock has a market capitalization of $214.15 billion, a PE ratio of 25.71, a PEG ratio of 3.06 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s payout ratio is presently 60.67%.

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.