Solidarity Wealth LLC Sells 7,421 Shares of McDonald’s Corporation $MCD

Solidarity Wealth LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 19.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,399 shares of the fast-food giant’s stock after selling 7,421 shares during the period. McDonald’s accounts for 2.1% of Solidarity Wealth LLC’s portfolio, making the stock its 16th largest position. Solidarity Wealth LLC’s holdings in McDonald’s were worth $8,882,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MCD. Decker Retirement Planning Inc. increased its position in McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the second quarter worth $25,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s in the first quarter worth $26,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s during the second quarter valued at $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MCD shares. Royal Bank Of Canada started coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target on the stock. TD Cowen lifted their target price 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. Guggenheim increased their price target on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus boosted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $324.57.

McDonald’s Stock Down 0.2%

MCD opened at $311.75 on Monday. The firm has a 50 day moving average price of $303.73 and a 200-day moving average price of $304.15. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $222.01 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.23 EPS. As a group, analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

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

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,463 shares of company stock worth $10,549,351 in the last three months. 0.25% of the stock is 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.