VanderPol Investments L.L.C. Trims Stake in McDonald’s Corporation $MCD

VanderPol Investments L.L.C. lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 796 shares of the fast-food giant’s stock after selling 37 shares during the quarter. VanderPol Investments L.L.C.’s holdings in McDonald’s were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new position in McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC bought a new position in McDonald’s during the 2nd quarter valued at approximately $29,000. Abound Financial LLC bought a new position in McDonald’s during the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald’s during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Up 1.1%

Shares of MCD stock opened at $297.07 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a market cap of $211.99 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.09 and a beta of 0.50. The company has a 50 day simple moving average of $306.31 and a two-hundred day simple moving average of $305.79.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 earnings per share. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is 60.67%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. TD Cowen raised their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. KeyCorp reiterated an “overweight” rating and issued a $335.00 target price (up previously from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Piper Sandler upped their target price on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Evercore ISI upped their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $325.18.

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.