Warner Financial Inc. Sells 2,175 Shares of McDonald’s Corporation $MCD

Warner Financial Inc. trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 64.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,218 shares of the fast-food giant’s stock after selling 2,175 shares during the quarter. Warner Financial Inc.’s holdings in McDonald’s were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the first quarter valued at $26,000. Abound Financial LLC bought a new position in shares of McDonald’s during the first quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s during the first quarter valued at $31,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.1%

Shares of MCD opened at $300.09 on Friday. The business has a 50-day simple moving average of $306.88 and a two-hundred day simple moving average of $306.19. The stock has a market cap of $214.15 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.06 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week 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 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 earnings per share. On average, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is presently 60.67%.

Insider Buying and Selling

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 stock was 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 represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Evercore ISI upped their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Citigroup upped their price target on McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, BMO Capital Markets upped their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $325.86.

About McDonald’s

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.