Comprehensive Financial Consultants Institutional Inc. Lowers Stock Position in McDonald’s Corporation $MCD

Comprehensive Financial Consultants Institutional Inc. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,756 shares of the fast-food giant’s stock after selling 63 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in McDonald’s were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the 1st quarter worth $26,000. Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the 1st quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in McDonald’s in the 1st quarter worth $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. BMO Capital Markets boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Truist Financial boosted their price objective on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Melius started coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and an average price target of $325.86.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock worth $2,273,407 in the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $300.72 on Monday. The firm has a market cap of $214.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. The firm’s 50-day simple moving average is $306.93 and its 200-day simple moving average is $306.15. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio is 60.67%.

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.