McDonald’s Corporation $MCD Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. trimmed its holdings in McDonald’s Corporation (NYSE:MCD) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 88,241 shares of the fast-food giant’s stock after selling 1,430 shares during the period. McDonald’s makes up about 1.9% of CORDA Investment Management LLC.’s holdings, making the stock its 26th largest holding. CORDA Investment Management LLC.’s holdings in McDonald’s were worth $25,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Accretive Wealth Partners LLC raised its position in McDonald’s by 1.4% in the second quarter. Accretive Wealth Partners LLC now owns 6,702 shares of the fast-food giant’s stock valued at $1,958,000 after purchasing an additional 95 shares during the period. Stephens Inc. AR grew its holdings in shares of McDonald’s by 9.6% during the 2nd quarter. Stephens Inc. AR now owns 68,176 shares of the fast-food giant’s stock worth $19,948,000 after purchasing an additional 5,976 shares during the period. Alaska Wealth Advisors increased its position in shares of McDonald’s by 10.1% during the 2nd quarter. Alaska Wealth Advisors now owns 1,352 shares of the fast-food giant’s stock worth $395,000 after purchasing an additional 124 shares during the last quarter. LMG Wealth Partners LLC raised its holdings in McDonald’s by 2.4% in the 2nd quarter. LMG Wealth Partners LLC now owns 19,057 shares of the fast-food giant’s stock valued at $5,568,000 after buying an additional 455 shares during the period. Finally, Balboa Wealth Partners lifted its position in McDonald’s by 9.8% in the second quarter. Balboa Wealth Partners now owns 2,853 shares of the fast-food giant’s stock valued at $834,000 after buying an additional 255 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.9%

NYSE:MCD opened at $308.02 on Monday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a fifty day simple moving average of $306.29 and a two-hundred day simple moving average of $305.41. The company has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business 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 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business 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. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MCD. Stifel Nicolaus increased their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. TD Cowen upped their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Evercore ISI lifted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets boosted their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Barclays upped their price target on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $324.68.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. 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. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company 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.