Flagship Harbor Advisors LLC Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Flagship Harbor Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,592 shares of the fast-food giant’s stock after selling 103 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in McDonald’s were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mutual Advisors LLC increased its stake in McDonald’s by 4.6% during the fourth quarter. Mutual Advisors LLC now owns 11,505 shares of the fast-food giant’s stock worth $3,084,000 after acquiring an additional 504 shares during the last quarter. O Dell Group LLC grew its stake in shares of McDonald’s by 34.0% in the fourth quarter. O Dell Group LLC now owns 335 shares of the fast-food giant’s stock valued at $90,000 after buying an additional 85 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of McDonald’s by 3.4% in the fourth quarter. Clearstead Advisors LLC now owns 24,929 shares of the fast-food giant’s stock valued at $6,683,000 after buying an additional 828 shares in the last quarter. Rodgers Brothers Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $321,000. Finally, Mmbg Investment Advisors CO. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $12,396,000. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $251.08 on Thursday. The firm has a fifty day moving average of $258.32 and a two-hundred day moving average of $249.34. The stock has a market capitalization of $184.72 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.11 and a beta of 0.57. McDonald’s Co. has a 52 week low of $217.68 and a 52 week high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The business had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $1.38 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $5.52 annualized dividend and a yield of 2.20%. McDonald’s’s dividend payout ratio (DPR) is currently 67.98%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $263.00 to $259.00 in a report on Wednesday, July 27th. Truist Financial increased their target price on McDonald’s from $273.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Guggenheim raised their target price on McDonald’s to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Royal Bank of Canada raised their target price on McDonald’s from $292.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Finally, Cowen lifted their price target on McDonald’s from $275.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $285.04.

Insider Activity at McDonald’s

In other McDonald’s news, SVP Catherine A. Hoovel sold 2,371 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the transaction, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at approximately $302,654.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, insider Ian Frederick Borden sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total value of $2,046,400.00. Following the sale, the insider now owns 7,131 shares in the company, valued at $1,824,109.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Catherine A. Hoovel sold 2,371 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the sale, the senior vice president now owns 1,184 shares in the company, valued at approximately $302,654.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,191 shares of company stock worth $5,250,365. Insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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