McKinley Carter Wealth Services Inc. Cuts Position in McDonald’s Corporation $MCD

McKinley Carter Wealth Services Inc. trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,784 shares of the fast-food giant’s stock after selling 114 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in McDonald’s were worth $3,735,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC grew its holdings in shares of McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC grew its holdings in shares of McDonald’s by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its holdings in shares of McDonald’s by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after purchasing an additional 33 shares during the period. Security Financial Services INC. grew its holdings in shares of McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares during the period. Finally, Stockman Wealth Management Inc. grew its holdings in shares of McDonald’s by 1.8% during the 1st quarter. Stockman Wealth Management Inc. now owns 1,964 shares of the fast-food giant’s stock worth $613,000 after purchasing an additional 34 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.2%

McDonald’s stock opened at $293.76 on Friday. The stock has a market cap of $209.63 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.50. The stock has a 50 day moving average of $306.43 and a 200-day moving average of $305.86. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MCD shares. Morgan Stanley boosted their target price on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Evercore ISI upped their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Piper Sandler upped their price target on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Royal Bank Of Canada started coverage on McDonald’s in a report on Wednesday. They issued a “sector perform” rating and a $320.00 price target for the company. Finally, KeyCorp restated an “overweight” rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $324.73.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s 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 sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently 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.