Stegent Equity Advisors Inc. Has $558,000 Stake in McDonald’s Corporation $MCD

Stegent Equity Advisors Inc. decreased its stake in McDonald’s Corporation (NYSE:MCD) by 53.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,910 shares of the fast-food giant’s stock after selling 2,156 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in McDonald’s were worth $558,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. MQS Management LLC acquired a new stake in McDonald’s in the 2nd quarter valued at $734,000. Leavell Investment Management Inc. boosted its stake in McDonald’s by 2.0% in the 2nd quarter. Leavell Investment Management Inc. now owns 40,124 shares of the fast-food giant’s stock valued at $11,723,000 after buying an additional 802 shares in the last quarter. CVA Family Office LLC boosted its stake in McDonald’s by 3.0% in the 2nd quarter. CVA Family Office LLC now owns 1,846 shares of the fast-food giant’s stock valued at $539,000 after buying an additional 53 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs boosted its stake in McDonald’s by 0.7% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 26,595 shares of the fast-food giant’s stock valued at $7,770,000 after buying an additional 183 shares in the last quarter. Finally, Leelyn Smith LLC boosted its stake in McDonald’s by 0.9% in the 2nd quarter. Leelyn Smith LLC now owns 20,907 shares of the fast-food giant’s stock valued at $6,108,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Friday. Barclays boosted their price objective on McDonald’s from $360.00 to $362.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, KeyCorp reissued an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $324.50.

McDonald’s Stock Down 0.3%

MCD stock opened at $306.05 on Friday. The company has a market cap of $218.39 billion, a P/E ratio of 26.23, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a fifty day moving average of $306.49 and a 200-day moving average of $305.65.

McDonald’s (NYSE:MCD) last released 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 company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is presently 60.67%.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following 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 disclosure for this sale can be found here. Insiders sold a total of 5,463 shares of company stock worth $1,692,186 over the last 90 days. 0.25% of the stock is owned by insiders.

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.