Insight Inv LLC Sells 14,247 Shares of McDonald’s Corporation $MCD

Insight Inv LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 91.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,368 shares of the fast-food giant’s stock after selling 14,247 shares during the quarter. Insight Inv LLC’s holdings in McDonald’s were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCD. Nova Wealth Management Inc. bought a new position in McDonald’s in the first quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $26,000. Abound Financial LLC bought a new position in McDonald’s in the first quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in McDonald’s in the first quarter worth approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada set a $320.00 target price on McDonald’s in a report on Wednesday. BMO Capital Markets upped their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. TD Cowen upped their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Bank of America lowered their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average price target of $324.73.

McDonald’s Trading Down 0.6%

Shares of MCD opened at $294.44 on Thursday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a fifty day moving average price of $306.56 and a 200-day moving average price of $305.94. The firm has a market cap of $210.11 billion, a PE ratio of 25.23, a P/E/G ratio of 3.02 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its 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 company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.97 EPS. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,402 shares of company stock worth $1,973,407. Insiders own 0.25% of the company’s stock.

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.