BIP Wealth LLC Sells 251 Shares of McDonald’s Corporation $MCD

BIP Wealth LLC trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,547 shares of the fast-food giant’s stock after selling 251 shares during the quarter. BIP Wealth LLC’s holdings in McDonald’s were worth $452,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. WealthPlan Investment Management LLC raised its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after purchasing an additional 32 shares during the period. Security Financial Services INC. increased its position in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after buying an additional 33 shares in the last quarter. Ascent Wealth Partners LLC increased its position in McDonald’s by 0.3% in the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after buying an additional 34 shares in the last quarter. Platform Technology Partners raised its stake in shares of McDonald’s by 0.4% in the first quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 35 shares during the period. Finally, Alexander Labrunerie & CO. Inc. lifted its position in shares of McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock worth $1,692,186 over the last 90 days. 0.25% of the stock is owned by insiders.

McDonald’s Trading Down 0.3%

NYSE:MCD opened at $306.05 on Friday. The business’s 50-day moving average is $306.49 and its 200 day moving average is $305.65. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a market capitalization of $218.39 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate 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 negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. On average, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s payout ratio is currently 60.67%.

Analyst Ratings Changes

A number of research firms have commented on MCD. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday. Citigroup decreased their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. 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 report on Thursday, August 7th. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. Finally, Barclays upped their price objective on McDonald’s from $360.00 to $362.00 and gave the stock an “overweight” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus target price of $324.50.

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.