McDonald’s Corporation $MCD Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lowered its stake in McDonald’s Corporation (NYSE:MCD) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,133 shares of the fast-food giant’s stock after selling 42 shares during the period. Mcdaniel Terry & Co.’s holdings in McDonald’s were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter valued at $26,000. GFG Capital LLC purchased a new stake in McDonald’s during the 2nd quarter worth about $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the 1st quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a report on Thursday, July 10th. KeyCorp reiterated an “overweight” rating and set a $335.00 price target on shares of McDonald’s in a research note on Monday. Royal Bank Of Canada started coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price on the stock. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Eleven 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $324.50.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’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 sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock valued at $1,692,186 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.3%

McDonald’s stock opened at $306.05 on Friday. The stock has a market capitalization of $218.39 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.24 and a beta of 0.50. The stock has a 50 day moving average of $306.49 and a two-hundred day moving average of $305.61. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

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

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

McDonald’s 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.