Atria Investments Inc Lowers Stock Position in McDonald’s Corporation $MCD

Atria Investments Inc trimmed its position in McDonald’s Corporation (NYSE:MCD) by 3.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 63,174 shares of the fast-food giant’s stock after selling 2,018 shares during the period. Atria Investments Inc’s holdings in McDonald’s were worth $18,458,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC raised its position in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the period. Quotient Wealth Partners LLC boosted its stake in McDonald’s by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after acquiring an additional 258 shares during the last quarter. SSA Swiss Advisors AG bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $175,000. Finally, Golden State Wealth Management LLC increased its stake in shares of McDonald’s by 11.7% during the 1st quarter. Golden State Wealth Management LLC now owns 2,751 shares of the fast-food giant’s stock worth $859,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. KeyCorp restated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Finally, Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $323.43.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer 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 legal filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were 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. This trade represents a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,463 shares of company stock worth $1,692,186 in the last ninety days. 0.25% of the stock is currently owned by insiders.

McDonald’s Trading Down 1.4%

Shares of McDonald’s stock opened at $302.18 on Thursday. The company’s 50-day moving average price is $306.22 and its 200-day moving average price is $305.66. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The company has a market cap of $215.64 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.28 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted 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. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 EPS. McDonald’s’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.5%. McDonald’s’s dividend payout ratio (DPR) 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.