McDonald’s Corporation $MCD Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. cut its stake in McDonald’s Corporation (NYSE:MCD) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,341 shares of the fast-food giant’s stock after selling 4,445 shares during the period. Great Valley Advisor Group Inc.’s holdings in McDonald’s were worth $12,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. boosted its stake in shares of McDonald’s by 142.9% in 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 during the period. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new position in McDonald’s in the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s during the 1st quarter worth approximately $26,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. Barclays decreased their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Mizuho raised McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of McDonald’s in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, Robert W. Baird increased their price target on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Hold” and an average target price of $324.57.

McDonald’s Stock Up 2.3%

NYSE:MCD opened at $316.84 on Friday. The company has a market capitalization of $225.64 billion, a PE ratio of 27.03, a P/E/G ratio of 3.44 and a beta of 0.52. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock’s 50 day moving average price is $304.98 and its 200 day moving average price is $303.78.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 EPS. As a group, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed 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 2.3%. 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. McDonald’s’s payout ratio is 63.48%.

Insider Buying and Selling at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. This represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 40,030 shares of company stock worth $12,240,570. 0.25% of the stock is owned by company insiders.

About McDonald’s

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.