McDonald’s Corporation $MCD Holdings Lowered by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC trimmed its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,157 shares of the fast-food giant’s stock after selling 34 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in McDonald’s were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WealthPlan Investment Management LLC lifted its stake in McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Security Financial Services INC. grew its position in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after buying an additional 33 shares during the last quarter. Ascent Wealth Partners LLC increased its holdings in shares of McDonald’s by 0.3% in the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock valued at $3,620,000 after buying an additional 34 shares in the last quarter. Platform Technology Partners lifted its position in shares of McDonald’s by 0.4% during the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 35 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its position in shares of McDonald’s by 3.4% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after acquiring an additional 35 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

McDonald’s stock opened at $308.02 on Monday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market cap of $219.80 billion, a PE ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50. The firm’s 50 day moving average price is $306.29 and its two-hundred day moving average price is $305.41.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MCD. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Melius began coverage on McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. BMO Capital Markets boosted their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. TD Cowen upped their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Finally, Barclays raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $324.68.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. 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 company insiders.

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.