Detalus Advisors LLC Reduces Position in McDonald’s Corporation $MCD

Detalus Advisors LLC cut its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,773 shares of the fast-food giant’s stock after selling 36 shares during the quarter. Detalus Advisors LLC’s holdings in McDonald’s were worth $518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WealthPlan Investment Management LLC grew its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after buying an additional 32 shares in the last quarter. CVA Family Office LLC grew its holdings in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC grew its holdings in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares in the last quarter. Security Financial Services INC. grew its stake in shares of 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 worth $1,575,000 after purchasing an additional 33 shares in the last quarter. Finally, Stockman Wealth Management Inc. grew its stake in shares of McDonald’s by 1.8% in the first quarter. Stockman Wealth Management Inc. now owns 1,964 shares of the fast-food giant’s stock worth $613,000 after purchasing an additional 34 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,402 shares of company stock worth $2,273,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $296.35 on Wednesday. The stock has a market capitalization of $211.47 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.01 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a 50 day moving average price of $306.74 and a 200 day moving average price of $306.02.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCD. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Evercore ISI increased their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, BMO Capital Markets increased their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $325.86.

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.