Cerity Partners LLC Has $141.34 Million Position in McDonald’s Corporation $MCD

Cerity Partners LLC cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 483,749 shares of the fast-food giant’s stock after selling 8,180 shares during the quarter. Cerity Partners LLC’s holdings in McDonald’s were worth $141,339,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MCD. Decker Retirement Planning Inc. lifted its holdings in McDonald’s by 142.9% during the 2nd 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 last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the second quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s in the 1st quarter worth approximately $26,000. Finally, GFG Capital LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $29,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $311.11 on Friday. The stock has a market cap of $221.56 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 3.46 and a beta of 0.52. The company has a 50 day moving average of $304.00 and a 200-day moving average of $303.83. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the business posted $3.23 earnings per share. McDonald’s’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

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

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Guggenheim upped their price target on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Robert W. Baird increased their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley set a $335.00 target price on shares of McDonald’s in a research note on Friday, October 17th. Finally, Citigroup decreased 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 note on Tuesday, October 21st. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $324.57.

Insider Activity at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at $8,169,430. This represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 40,030 shares of company stock worth $12,240,570. 0.25% of the stock is owned by 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.