McDonald’s Corporation $MCD Shares Sold by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. decreased its position in McDonald’s Corporation (NYSE:MCD) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 8,357 shares of the fast-food giant’s stock after selling 71 shares during the period. Huntleigh Advisors Inc.’s holdings in McDonald’s were worth $2,442,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MCD. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s during the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth about $26,000. GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter worth about $29,000. Abound Financial LLC purchased a new position in McDonald’s during the 1st quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald’s in the 1st quarter valued at about $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MCD. Citigroup raised their price target on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a report on Friday. Barclays increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Guggenheim cut their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Eleven equities 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, McDonald’s presently has an average rating of “Hold” and a consensus price target of $324.68.

Insider Buying and Selling at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock worth $1,973,407 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.9%

McDonald’s stock opened at $308.02 on Friday. The company has a market capitalization of $219.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.22 and a beta of 0.50. The firm’s fifty day simple moving average is $306.29 and its 200-day simple moving average is $305.54. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. On average, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

McDonald’s Company 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.