Trek Financial LLC Has $411,000 Holdings in McDonald’s Corporation $MCD

Trek Financial LLC cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 71.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,405 shares of the fast-food giant’s stock after selling 3,455 shares during the quarter. Trek Financial LLC’s holdings in McDonald’s were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MCD. First American Trust FSB boosted its position in shares of McDonald’s by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares in the last quarter. Banque Transatlantique SA lifted its stake in McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after buying an additional 91,313 shares during the period. Hamilton Capital LLC boosted its holdings in shares of McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares in the last quarter. Welch Group LLC boosted its holdings in shares of McDonald’s by 1.1% during the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after buying an additional 2,180 shares in the last quarter. Finally, Choreo LLC grew its position in shares of McDonald’s by 1.7% during the 2nd quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock worth $17,096,000 after buying an additional 954 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,030 shares of company stock valued at $12,240,570. 0.25% of the stock is owned by insiders.

McDonald’s Price Performance

MCD opened at $308.02 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $219.36 billion, a PE ratio of 26.28, a P/E/G ratio of 3.42 and a beta of 0.52. The company’s 50-day moving average is $303.88 and its 200 day moving average is $304.01.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.23 EPS. As a group, analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared 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. This represents a $7.44 annualized dividend and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Guggenheim raised their target price on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Stifel Nicolaus upped their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $324.57.

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.