Integrity Alliance LLC. Sells 13,878 Shares of McDonald’s Corporation $MCD

Integrity Alliance LLC. decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 73.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,048 shares of the fast-food giant’s stock after selling 13,878 shares during the period. Integrity Alliance LLC.’s holdings in McDonald’s were worth $1,475,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in McDonald’s by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after purchasing an additional 258 shares in the last quarter. SSA Swiss Advisors AG bought a new position in McDonald’s in the first quarter worth approximately $175,000. Finally, Golden State Wealth Management LLC grew its stake in McDonald’s by 11.7% in the first quarter. Golden State Wealth Management LLC now owns 2,751 shares of the fast-food giant’s stock worth $859,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MCD. Truist Financial dropped their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company dropped their price objective on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Evercore ISI increased their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Guggenheim dropped their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Eleven 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. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average target price of $323.43.

McDonald’s Trading Down 1.3%

Shares of NYSE MCD opened at $298.44 on Friday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock’s fifty day simple moving average is $305.70 and its two-hundred day simple moving average is $305.51. The stock has a market capitalization of $212.97 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 represents a $7.44 annualized dividend and a dividend yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is currently 63.75%.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,487 shares of company stock worth $1,395,970. Insiders own 0.25% of the company’s stock.

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.