McDonald’s Corporation $MCD Shares Sold by World Equity Group Inc.

World Equity Group Inc. reduced its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 51.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,876 shares of the fast-food giant’s stock after selling 6,170 shares during the quarter. World Equity Group Inc.’s holdings in McDonald’s were worth $1,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. grew its holdings in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $25,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at approximately $29,000. Finally, Financial Gravity Companies Inc. acquired a new stake in McDonald’s in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

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Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $2,005,760. This represents a 28.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 42,516 shares of company stock worth $13,036,090. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.5%

MCD opened at $307.27 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market capitalization of $218.82 billion, a PE ratio of 26.22, a PEG ratio of 3.07 and a beta of 0.53. The firm’s 50-day moving average price is $307.93 and its 200 day moving average price is $304.78.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.23 EPS. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler reissued a “neutral” rating and set a $325.00 target price on shares of McDonald’s in a research note on Wednesday, October 22nd. Cowen restated a “hold” rating on shares of McDonald’s in a research report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, Wells Fargo & Company boosted their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $328.88.

Check Out Our Latest Report on McDonald’s

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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