Jones Financial Companies Lllp Reduces Holdings in McDonald’s Corporation $MCD

Jones Financial Companies Lllp lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 84.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,274 shares of the fast-food giant’s stock after selling 117,189 shares during the quarter. Jones Financial Companies Lllp’s holdings in McDonald’s were worth $6,883,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the 4th quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of McDonald’s in the 1st quarter valued at $30,000. Pinney & Scofield Inc. purchased a new position in McDonald’s in the 4th quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MCD. JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Piper Sandler increased their price target on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Finally, Barclays raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $325.14.

McDonald’s Stock Performance

MCD opened at $312.63 on Wednesday. The company has a fifty day moving average of $304.57 and a two-hundred day moving average of $306.61. The stock has a market capitalization of $223.09 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.19 and a beta of 0.49. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted 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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the firm earned $2.97 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

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.