Uhlmann Price Securities LLC Has $388,000 Stake in McDonald’s Corporation $MCD

Uhlmann Price Securities LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,328 shares of the fast-food giant’s stock after selling 91 shares during the period. Uhlmann Price Securities LLC’s holdings in McDonald’s were worth $388,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. HFM Investment Advisors LLC acquired a new position in McDonald’s in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 1st quarter worth $26,000. GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter worth $29,000. Abound Financial LLC acquired a new position in McDonald’s in the first quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in McDonald’s during the first quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, 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 completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock valued at $1,973,407 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Barclays lifted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Melius began coverage on McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 target price for the company. TD Cowen lifted their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $324.68.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $308.02 on Monday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market capitalization of $219.80 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. The company has a fifty day moving average of $306.29 and a 200-day moving average of $305.41.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the business posted $2.97 EPS. McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

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.