McDonald’s Corporation (NYSE:MCD) Shares Sold by Prepared Retirement Institute LLC

Prepared Retirement Institute LLC decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,313 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Prepared Retirement Institute LLC’s holdings in McDonald’s were worth $410,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s in the fourth quarter worth $25,000. Atala Financial Inc bought a new position in shares of McDonald’s in the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new position in shares of McDonald’s in the fourth quarter worth $29,000. GKV Capital Management Co. Inc. bought a new position in shares of McDonald’s in the fourth quarter worth $30,000. Finally, Abound Financial LLC bought a new position in shares of McDonald’s in the first quarter worth $30,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $299.80 on Monday. McDonald’s Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The business has a 50-day moving average of $304.11 and a 200-day moving average of $302.59. The company has a market capitalization of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the business earned $2.70 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock worth $1,165,843 over the last three months. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Robert W. Baird raised their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Citigroup raised their target price on McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $322.29.

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.