McDonald’s Corporation $MCD Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,996 shares of the fast-food giant’s stock after selling 444 shares during the quarter. HMS Capital Management LLC’s holdings in McDonald’s were worth $1,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Verde Capital Management lifted its stake in shares of McDonald’s by 2.4% in the second quarter. Verde Capital Management now owns 1,690 shares of the fast-food giant’s stock worth $494,000 after acquiring an additional 39 shares in the last quarter. Osprey Private Wealth LLC raised its stake in McDonald’s by 3.4% during the second quarter. Osprey Private Wealth LLC now owns 9,940 shares of the fast-food giant’s stock valued at $2,923,000 after buying an additional 330 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in McDonald’s by 33.1% during the second quarter. Global Wealth Strategies & Associates now owns 233 shares of the fast-food giant’s stock valued at $68,000 after buying an additional 58 shares in the last quarter. First Citizens Financial Corp raised its stake in McDonald’s by 4.2% during the second quarter. First Citizens Financial Corp now owns 2,923 shares of the fast-food giant’s stock valued at $854,000 after buying an additional 119 shares in the last quarter. Finally, Modus Advisors LLC raised its stake in McDonald’s by 1.5% during the second quarter. Modus Advisors LLC now owns 9,606 shares of the fast-food giant’s stock valued at $2,806,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the 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 $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 90 days, insiders sold 8,341 shares of company stock valued at $2,544,327. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 1.0%

NYSE:MCD opened at $305.49 on Friday. The firm has a market capitalization of $218.00 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50. The stock has a 50 day moving average of $305.33 and a 200-day moving average of $306.59. McDonald’s Corporation has a 52 week low of $276.53 and a 52 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 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 company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several analysts have issued reports on MCD shares. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Piper Sandler upped their price objective on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Truist Financial upped their target price on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $325.14.

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.