Freestone Capital Holdings LLC Sells 1,011 Shares of McDonald’s Corporation $MCD

Freestone Capital Holdings LLC decreased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,562 shares of the fast-food giant’s stock after selling 1,011 shares during the period. Freestone Capital Holdings LLC’s holdings in McDonald’s were worth $6,008,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Machina Capital S.A.S. bought a new position in McDonald’s in the second quarter worth approximately $4,151,000. Tsfg LLC raised its position in McDonald’s by 453.4% in the second quarter. Tsfg LLC now owns 3,138 shares of the fast-food giant’s stock worth $917,000 after acquiring an additional 2,571 shares during the period. Westside Investment Management Inc. raised its position in McDonald’s by 12.5% in the second quarter. Westside Investment Management Inc. now owns 1,123 shares of the fast-food giant’s stock worth $329,000 after acquiring an additional 125 shares during the period. Sigma Planning Corp raised its position in McDonald’s by 5.2% in the second quarter. Sigma Planning Corp now owns 20,599 shares of the fast-food giant’s stock worth $6,018,000 after acquiring an additional 1,019 shares during the period. Finally, Mission Wealth Management LP raised its position in McDonald’s by 2.1% in the second quarter. Mission Wealth Management LP now owns 17,135 shares of the fast-food giant’s stock worth $5,006,000 after acquiring an additional 359 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The shares were 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 of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction 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 trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,487 shares of company stock worth $1,395,970 over the last 90 days. 0.25% of the stock is owned by insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $298.44 on Monday. The company has a fifty day moving average of $305.70 and a two-hundred day moving average of $305.44. The stock has a market capitalization of $212.97 billion, a PE ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

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

McDonald’s Increases Dividend

The company also recently declared 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. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, December 1st. McDonald’s’s payout ratio is presently 63.75%.

Analysts Set New Price Targets

Several analysts have recently commented on MCD shares. Bank of America decreased 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 report on Friday, July 18th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Mizuho upgraded shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Citigroup cut their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Finally, BMO Capital Markets boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average price target of $323.43.

McDonald’s 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.