Investors Asset Management of Georgia Inc. GA ADV Cuts Stake in McDonald’s Corporation $MCD

Investors Asset Management of Georgia Inc. GA ADV cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,721 shares of the fast-food giant’s stock after selling 66 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in McDonald’s were worth $1,964,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in McDonald’s in the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter worth $26,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the first quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s during the first quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $300.72 on Monday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company’s fifty day moving average price is $306.93 and its 200-day moving average price is $306.15. The company has a market capitalization of $214.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.07 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued 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 business 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%.McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 EPS. Equities research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. TD Cowen raised their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. Finally, Melius initiated coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $325.86.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

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.