McDonald’s Corporation $MCD Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its holdings in McDonald’s Corporation (NYSE:MCD) by 15.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,788 shares of the fast-food giant’s stock after selling 320 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in McDonald’s were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Abound Financial LLC purchased a new stake in shares of McDonald’s during the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald’s during the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth approximately $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

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

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

McDonald’s Dividend Announcement

The business also recently disclosed 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. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 over the last quarter. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Redburn Atlantic reissued a “sell” rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. KeyCorp restated an “overweight” rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Piper Sandler upped their target price on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Morgan Stanley boosted their price target on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Twelve 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.