Courier Capital LLC Sells 111 Shares of McDonald’s Corporation $MCD

Courier Capital LLC lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,154 shares of the fast-food giant’s stock after selling 111 shares during the quarter. Courier Capital LLC’s holdings in McDonald’s were worth $3,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCD. Brighton Jones LLC boosted its position in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its position 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 purchasing an additional 52 shares during the period. Quotient Wealth Partners LLC lifted its position 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 purchasing an additional 258 shares during the period. SSA Swiss Advisors AG bought a new stake in McDonald’s during the first quarter worth about $175,000. Finally, GAMMA Investing LLC lifted its position in McDonald’s by 25.3% during the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock worth $3,498,000 after purchasing an additional 2,261 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock valued at $1,973,407 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $300.10 on Tuesday. The stock has a market capitalization of $214.15 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.12 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The stock’s 50 day moving average price is $306.23 and its two-hundred day moving average price is $305.64.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.97 EPS. On average, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MCD. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Melius started coverage on McDonald’s in a research note on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective for the company. Piper Sandler upped their price objective on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price objective (up previously from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Eleven 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $325.18.

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.