McDonald’s Corporation $MCD Shares Sold by Insight Inv LLC

Insight Inv LLC reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 91.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,368 shares of the fast-food giant’s stock after selling 14,247 shares during the period. Insight Inv LLC’s holdings in McDonald’s were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $26,000. Abound Financial LLC acquired a new stake in McDonald’s during the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.6%

MCD stock opened at $294.44 on Thursday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock has a market cap of $210.11 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 3.02 and a beta of 0.50. The business’s 50-day moving average is $306.56 and its 200 day moving average is $305.94.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm posted $2.97 EPS. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,402 shares of company stock valued at $1,973,407. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MCD. Stifel Nicolaus raised their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. KeyCorp restated an “overweight” rating and set a $335.00 target price (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Guggenheim restated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Finally, Citigroup raised their target price on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average price target of $324.73.

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.