Creative Planning Sells 7,383 Shares of McDonald’s Corporation $MCD

Creative Planning trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,264 shares of the fast-food giant’s stock after selling 7,383 shares during the quarter. Creative Planning’s holdings in McDonald’s were worth $105,258,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MCD. WealthShield Partners LLC raised its position in shares of McDonald’s by 60.2% during the second quarter. WealthShield Partners LLC now owns 9,616 shares of the fast-food giant’s stock worth $2,810,000 after purchasing an additional 3,614 shares during the period. OmniStar Financial Group Inc. increased its stake in McDonald’s by 9.7% during the 2nd quarter. OmniStar Financial Group Inc. now owns 3,529 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 313 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in McDonald’s by 6.2% during the 2nd quarter. Meridian Wealth Management LLC now owns 7,654 shares of the fast-food giant’s stock worth $2,236,000 after buying an additional 445 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in McDonald’s by 7.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,366 shares of the fast-food giant’s stock worth $51,237,000 after buying an additional 11,484 shares during the period. Finally, Empower Advisory Group LLC lifted its stake in McDonald’s by 6.1% in the second quarter. Empower Advisory Group LLC now owns 12,425 shares of the fast-food giant’s stock valued at $3,630,000 after buying an additional 712 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $306.74 on Friday. The stock has a 50 day moving average price of $303.37 and a 200 day moving average price of $304.71. The stock has a market capitalization of $218.45 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 EPS. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is currently 63.48%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Barclays dropped their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Truist Financial reduced their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Guggenheim decreased their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $323.91.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 over the last quarter. 0.25% of the stock is currently owned by insiders.

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.