WBH Advisory Inc. Sells 822 Shares of McDonald’s Corporation $MCD

WBH Advisory Inc. cut its position in McDonald’s Corporation (NYSE:MCD) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,142 shares of the fast-food giant’s stock after selling 822 shares during the period. WBH Advisory Inc.’s holdings in McDonald’s were worth $4,132,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s during the first quarter worth $26,000. Abound Financial LLC acquired a new stake in shares of McDonald’s in the first quarter valued at $30,000. GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MCD. 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 report on Friday, October 10th. Bank of America lowered their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Evercore ISI upped their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price 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 equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $324.68.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock worth $1,973,407 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $308.02 on Monday. The firm’s 50 day moving average price is $306.29 and its two-hundred day moving average price is $305.41. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock has a market cap of $219.80 billion, a PE ratio of 26.39, a PEG ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 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.