Wilmington Savings Fund Society FSB Has $21.28 Million Stake in McDonald’s Corporation $MCD

Wilmington Savings Fund Society FSB decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,836 shares of the fast-food giant’s stock after selling 3,321 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in McDonald’s were worth $21,281,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Morningstar Investment Management LLC acquired a new stake in shares of McDonald’s during the 2nd quarter worth approximately $323,000. RFG Advisory LLC grew its position in shares of McDonald’s by 5.9% during the 2nd quarter. RFG Advisory LLC now owns 12,342 shares of the fast-food giant’s stock worth $3,606,000 after buying an additional 691 shares during the period. Perfromance Wealth Partners LLC grew its position in shares of McDonald’s by 60.9% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 1,646 shares of the fast-food giant’s stock worth $481,000 after buying an additional 623 shares during the period. Naviter Wealth LLC grew its position in shares of McDonald’s by 0.8% during the 2nd quarter. Naviter Wealth LLC now owns 9,500 shares of the fast-food giant’s stock worth $2,776,000 after buying an additional 74 shares during the period. Finally, Jag Capital Management LLC grew its position in shares of McDonald’s by 32.7% during the 2nd quarter. Jag Capital Management LLC now owns 1,428 shares of the fast-food giant’s stock worth $417,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Evercore ISI 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 Friday, August 8th. TD Cowen boosted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Melius initiated coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Finally, Guggenheim decreased their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $325.18.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently owned by insiders.

McDonald’s Stock Up 1.0%

Shares of MCD stock opened at $300.10 on Tuesday. The company’s fifty day simple moving average is $306.23 and its 200-day simple moving average is $305.64. The firm has a market cap of $214.15 billion, a PE ratio of 25.72, a P/E/G ratio of 3.12 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 results 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 firm 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 quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.97 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors 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 2.4%. McDonald’s’s dividend payout ratio is 60.67%.

McDonald’s 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.