McDonald’s Co. (NYSE:MCD) Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 31.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,021 shares of the fast-food giant’s stock after selling 472 shares during the period. Stegent Equity Advisors Inc.’s holdings in McDonald’s were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Perpetual Ltd purchased a new position in McDonald’s in the 1st quarter worth approximately $237,000. Douglas Lane & Associates LLC boosted its stake in shares of McDonald’s by 12.0% in the first quarter. Douglas Lane & Associates LLC now owns 2,196 shares of the fast-food giant’s stock valued at $619,000 after purchasing an additional 236 shares during the period. International Assets Investment Management LLC grew its holdings in McDonald’s by 12.5% during the 1st quarter. International Assets Investment Management LLC now owns 8,249 shares of the fast-food giant’s stock valued at $2,311,000 after purchasing an additional 916 shares in the last quarter. True North Advisors LLC increased its stake in McDonald’s by 12.5% during the 1st quarter. True North Advisors LLC now owns 1,114 shares of the fast-food giant’s stock worth $314,000 after buying an additional 124 shares during the period. Finally, CHICAGO TRUST Co NA boosted its position in McDonald’s by 6.8% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,985 shares of the fast-food giant’s stock valued at $3,097,000 after buying an additional 702 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD traded up $1.86 during mid-day trading on Friday, reaching $316.56. 2,531,197 shares of the company’s stock traded hands, compared to its average volume of 3,356,786. The business’s 50-day moving average price is $294.62 and its 200-day moving average price is $273.70. The stock has a market capitalization of $228.14 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.18.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm earned $3.17 EPS. The firm’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 60.10%.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,097 shares of company stock valued at $10,221,233. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Truist Financial upped their target price on McDonald’s from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. UBS Group raised their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. KeyCorp upped their price target on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, BMO Capital Markets decreased their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.69.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.