McDonald’s Corporation $MCD Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC trimmed its position in McDonald’s Corporation (NYSE:MCD) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,606 shares of the fast-food giant’s stock after selling 1,049 shares during the period. Exencial Wealth Advisors LLC’s holdings in McDonald’s were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Quotient Wealth Partners LLC lifted its stake in shares of McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after buying an additional 258 shares during the period. SSA Swiss Advisors AG acquired a new stake in shares of McDonald’s during the first quarter worth $175,000. Finally, GAMMA Investing LLC lifted its stake in shares of McDonald’s by 25.3% during the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock worth $3,498,000 after buying an additional 2,261 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. TD Cowen lifted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Guggenheim lowered their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Truist Financial lowered their price objective on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, KeyCorp reissued an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus target price of $324.50.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were 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 in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,463 shares of company stock worth $1,692,186. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $310.01 on Thursday. The company has a market capitalization of $221.22 billion, a PE ratio of 26.56, a P/E/G ratio of 3.25 and a beta of 0.50. The company has a fifty day moving average of $306.58 and a 200 day moving average of $305.51. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.97 earnings per share. Research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company 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 $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s payout ratio is currently 60.67%.

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.