Addenda Capital Inc. Sells 133 Shares of McDonald’s Corporation $MCD

Addenda Capital Inc. decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 22,186 shares of the fast-food giant’s stock after selling 133 shares during the quarter. Addenda Capital Inc.’s holdings in McDonald’s were worth $6,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Mascagni Wealth Management Inc. purchased a new position in McDonald’s during the 4th quarter valued at about $25,000. Parallel Advisors LLC boosted its position in shares of McDonald’s by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 15,543 shares of the fast-food giant’s stock worth $4,854,000 after purchasing an additional 248 shares in the last quarter. Finally, Doliver Advisors LP lifted its position in McDonald’s by 7.2% in the 1st quarter. Doliver Advisors LP now owns 4,778 shares of the fast-food giant’s stock valued at $1,493,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. BMO Capital Markets boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. TD Cowen increased their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Morgan Stanley raised their price target on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $325.86.

McDonald’s Price Performance

Shares of NYSE MCD opened at $305.10 on Friday. The firm’s 50-day moving average is $306.48 and its two-hundred day moving average is $306.19. The company has a market capitalization of $217.72 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business posted $2.97 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were 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 in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated 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 directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock valued at $2,273,407 over the last ninety days. 0.25% of the stock is owned by company insiders.

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.