Focused Investors LLC Sells 8,900 Shares of McDonald’s Corporation $MCD

Focused Investors LLC trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,750 shares of the fast-food giant’s stock after selling 8,900 shares during the period. McDonald’s accounts for 3.9% of Focused Investors LLC’s portfolio, making the stock its 12th largest position. Focused Investors LLC’s holdings in McDonald’s were worth $120,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. SGL Investment Advisors Inc. raised its position in shares of McDonald’s by 5.0% in the 2nd quarter. SGL Investment Advisors Inc. now owns 1,100 shares of the fast-food giant’s stock worth $321,000 after acquiring an additional 52 shares in the last quarter. Independent Solutions Wealth Management LLC grew its stake in McDonald’s by 4.6% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 9,543 shares of the fast-food giant’s stock worth $2,788,000 after buying an additional 416 shares during the last quarter. Shell Asset Management Co. grew its stake in McDonald’s by 64.9% during the 2nd quarter. Shell Asset Management Co. now owns 13,298 shares of the fast-food giant’s stock worth $3,885,000 after buying an additional 5,233 shares during the last quarter. TriaGen Wealth Management LLC grew its stake in McDonald’s by 1.1% during the 2nd quarter. TriaGen Wealth Management LLC now owns 14,597 shares of the fast-food giant’s stock worth $4,265,000 after buying an additional 153 shares during the last quarter. Finally, Roundview Capital LLC grew its stake in McDonald’s by 1.1% during the 2nd quarter. Roundview Capital LLC now owns 32,944 shares of the fast-food giant’s stock worth $9,625,000 after buying an additional 347 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.1%

Shares of MCD stock opened at $296.35 on Wednesday. The company has a market capitalization of $211.47 billion, a P/E ratio of 25.39, a P/E/G ratio of 3.01 and a beta of 0.50. The business’s 50 day moving average is $306.74 and its two-hundred day moving average is $306.02. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS 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 business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company 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 of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. TD Cowen boosted their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Piper Sandler boosted their target price on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Evercore ISI boosted their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Bank of America dropped their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Finally, Guggenheim reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $325.86.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 over the last three months. 0.25% of the stock is owned by insiders.

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.