RWA Wealth Partners LLC Sells 1,347 Shares of McDonald’s Corporation $MCD

RWA Wealth Partners LLC trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,034 shares of the fast-food giant’s stock after selling 1,347 shares during the period. RWA Wealth Partners LLC’s holdings in McDonald’s were worth $32,441,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. grew its position in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after buying an additional 50 shares during the period. AE Wealth Management LLC lifted its position in shares of McDonald’s by 5.1% during the 2nd quarter. AE Wealth Management LLC now owns 280,664 shares of the fast-food giant’s stock valued at $82,003,000 after acquiring an additional 13,627 shares during the period. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the second quarter worth $25,000. Summit Wealth & Retirement Planning Inc. acquired a new position in shares of McDonald’s during the second quarter valued at about $240,000. Finally, Quadrant Private Wealth Management LLC boosted its position in shares of McDonald’s by 4.3% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 1,763 shares of the fast-food giant’s stock worth $515,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MCD shares. JPMorgan Chase & Co. increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Guggenheim cut their target price on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada began coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Bank of America dropped their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Finally, Evercore ISI lifted 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. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $323.91.

McDonald’s Trading Up 0.4%

NYSE:MCD opened at $299.71 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm’s 50 day moving average is $304.39 and its 200 day moving average is $305.13. The stock has a market capitalization of $213.88 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company posted $3.23 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,134 shares of company stock valued at $4,570,716 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

About McDonald’s

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.