Northwest Capital Management Inc Sells 366 Shares of McDonald’s Corporation $MCD

Northwest Capital Management Inc lessened its stake in McDonald’s Corporation (NYSE:MCD) by 51.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 351 shares of the fast-food giant’s stock after selling 366 shares during the period. Northwest Capital Management Inc’s holdings in McDonald’s were worth $103,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HFM Investment Advisors LLC bought a new position in McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. bought a new position in McDonald’s during the first quarter worth about $26,000. GFG Capital LLC bought a new position in McDonald’s during the second quarter worth about $29,000. Abound Financial LLC bought a new position in McDonald’s during the first quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald’s during the first quarter worth about $31,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $300.10 on Tuesday. The firm has a market cap of $214.15 billion, a P/E ratio of 25.72, a P/E/G ratio of 3.12 and a beta of 0.50. The firm has a 50 day simple moving average of $306.23 and a 200 day simple moving average of $305.64. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 earnings per share. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current 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 issued 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 dividend payout ratio (DPR) is currently 60.67%.

Insider Activity at McDonald’s

In other McDonald’s news, 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 transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. BMO Capital Markets raised their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Truist Financial raised their price objective on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Melius initiated coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $325.18.

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.