McDonald’s Corporation $MCD Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp lessened its stake in McDonald’s Corporation (NYSE:MCD) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,921 shares of the fast-food giant’s stock after selling 1,303 shares during the quarter. McDonald’s makes up approximately 1.0% of Heritage Investors Management Corp’s holdings, making the stock its 27th biggest holding. Heritage Investors Management Corp’s holdings in McDonald’s were worth $30,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MCD. Brighton Jones LLC raised its stake in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the period. Quotient Wealth Partners LLC raised its stake in McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after acquiring an additional 258 shares during the period. SSA Swiss Advisors AG acquired a new stake in McDonald’s during the first quarter worth about $175,000. Finally, Golden State Wealth Management LLC raised its stake in McDonald’s by 11.7% during the first quarter. Golden State Wealth Management LLC now owns 2,751 shares of the fast-food giant’s stock worth $859,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada assumed coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target on the stock. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday. Barclays raised their price target on shares of McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $323.43.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% 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 firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,463 shares of company stock worth $1,692,186. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $302.18 on Thursday. The firm has a 50 day simple moving average of $306.22 and a 200-day simple moving average of $305.66. The stock has a market capitalization of $215.64 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.28 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 data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $2.97 earnings per share. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. McDonald’s’s payout ratio is 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.