Johnson Financial Group Inc. Decreases Stake in McDonald’s Corporation $MCD

Johnson Financial Group Inc. lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,858 shares of the fast-food giant’s stock after selling 1,895 shares during the period. Johnson Financial Group Inc.’s holdings in McDonald’s were worth $5,218,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MCD. Laurel Wealth Advisors LLC boosted its position in McDonald’s by 29,382.3% in the second quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after purchasing an additional 5,718,087 shares during the last quarter. Soundwatch Capital LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth $1,412,069,000. Nuveen LLC bought a new stake in shares of McDonald’s during the 1st quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of McDonald’s by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after buying an additional 921,936 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,463 shares of company stock valued at $10,549,351 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MCD shares. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a report on Monday, October 20th. Guggenheim boosted their price objective on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Truist Financial dropped their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, Piper Sandler restated a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average target price of $324.57.

McDonald’s Stock Performance

McDonald’s stock opened at $312.43 on Thursday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a market cap of $222.50 billion, a P/E ratio of 26.77, a PEG ratio of 3.23 and a beta of 0.50. The firm’s fifty day moving average price is $303.32 and its 200-day moving average price is $304.15.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.23 earnings per share. Sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is presently 63.48%.

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.