McDonald’s Corporation $MCD Stock Holdings Cut by Ghe LLC

Ghe LLC decreased its position in McDonald’s Corporation (NYSE:MCD) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,086 shares of the fast-food giant’s stock after selling 2,254 shares during the quarter. McDonald’s comprises approximately 1.6% of Ghe LLC’s holdings, making the stock its 11th largest position. Ghe LLC’s holdings in McDonald’s were worth $3,531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. lifted its stake in McDonald’s by 142.9% during 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 last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 2nd quarter valued at $25,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s during the 1st quarter worth $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the 1st quarter worth $26,000. Finally, GFG Capital LLC acquired a new position in shares of McDonald’s in the 2nd quarter worth $29,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 26,353 shares in the company, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,030 shares of company stock valued at $12,240,570 in the last three months. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCD. Stifel Nicolaus increased their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Citigroup decreased their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Performance

Shares of MCD opened at $316.84 on Monday. The company’s 50 day moving average price is $304.98 and its 200 day moving average price is $303.64. 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 $225.64 billion, a PE ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its earnings results 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). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.23 EPS. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

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.