McDonald’s Corporation $MCD Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC cut its position in McDonald’s Corporation (NYSE:MCDFree Report) by 75.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,241 shares of the fast-food giant’s stock after selling 3,916 shares during the period. GPS Wealth Strategies Group LLC’s holdings in McDonald’s were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MCD. Your Advocates Ltd. LLP acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Park Place Capital Corp boosted its position in shares of McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares during the period. DecisionPoint Financial LLC boosted its position in shares of McDonald’s by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after purchasing an additional 97 shares during the period. Entrust Financial LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $31,000. Finally, Painted Porch Advisors LLC boosted its position in shares of McDonald’s by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after purchasing an additional 103 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 333 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $302.72, for a total transaction of $100,805.76. Following the sale, the insider owned 8,067 shares in the company, valued at $2,442,042.24. This trade represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 6,201 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares in the company, valued at $763,567.39. This trade represents a 73.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,119 shares of company stock worth $3,945,973 in the last 90 days. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Mizuho upped their target price on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and issued a $370.00 price objective on shares of McDonald’s in a research note on Thursday, May 7th. Finally, Jefferies Financial Group raised their price objective on McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $334.45.

Check Out Our Latest Stock Analysis on McDonald’s

McDonald’s Stock Performance

McDonald’s stock opened at $282.48 on Friday. The stock has a fifty day moving average of $299.71 and a two-hundred day moving average of $309.25. The company has a market capitalization of $200.70 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.83 and a beta of 0.43. McDonald’s Corporation has a fifty-two week low of $271.98 and a fifty-two week high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.McDonald’s’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 earnings per share. On average, analysts forecast that McDonald’s Corporation will post 12.94 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $1.86 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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