McDonald’s Corporation $MCD Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lowered its stake in McDonald’s Corporation (NYSE:MCD) by 3.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 43,534 shares of the fast-food giant’s stock after selling 1,369 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in McDonald’s were worth $12,719,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MCD. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $26,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $30,000. GFG Capital LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $29,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Melius initiated coverage on shares of McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price target on the stock. Citigroup reduced their price target 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. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Wells Fargo & Company reduced their target price on shares of McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, Morgan Stanley set a $335.00 target price on shares of McDonald’s in a report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $323.43.

McDonald’s Trading Down 0.0%

Shares of MCD opened at $302.25 on Friday. The firm has a market cap of $215.69 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The company’s 50 day simple moving average is $306.00 and its 200-day simple moving average is $305.63. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for 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%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $2.97 earnings per share. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, 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 sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,487 shares of company stock valued at $1,395,970. 0.25% of the stock is owned by company insiders.

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.