BCS Wealth Management Sells 2,899 Shares of McDonald’s Corporation $MCD

BCS Wealth Management decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 50.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,893 shares of the fast-food giant’s stock after selling 2,899 shares during the quarter. BCS Wealth Management’s holdings in McDonald’s were worth $899,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in McDonald’s by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock valued at $22,112,675,000 after acquiring an additional 703,458 shares during the period. State Street Corp boosted its holdings in McDonald’s by 2.7% during the fourth quarter. State Street Corp now owns 35,983,997 shares of the fast-food giant’s stock valued at $10,997,789,000 after purchasing an additional 959,140 shares in the last quarter. Geode Capital Management LLC boosted its holdings in McDonald’s by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 17,038,519 shares of the fast-food giant’s stock valued at $5,195,965,000 after purchasing an additional 76,090 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of McDonald’s by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,474,749 shares of the fast-food giant’s stock valued at $2,895,768,000 after purchasing an additional 277,617 shares during the period. Finally, Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $2,890,438,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 11,307 shares of company stock valued at $3,262,622. 0.26% of the stock is currently owned by corporate insiders.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s launched McDonald’s NEXT, a company-wide initiative aimed at modernizing restaurants through automation, tighter digital integration, and co-created menu concepts. That could help improve efficiency, customer experience, and longer-term growth. McDonald’s (MCD) Launches NEXT To Rework Restaurants Around Automation And Fans
• Positive Sentiment: The company is also generating buzz with limited-time menu nostalgia, including the return of its fried apple pie and an iconic McFlurry promotion. These kinds of product revivals can lift traffic and engagement in the near term. McDonald’s Fried Apple Pie is back. Here’s when you can order it
• Neutral Sentiment: Several articles focused on McDonald’s at a technical and valuation low, framing the stock as a “buy, sell or hold” debate. These pieces don’t change fundamentals directly, but they may reflect growing investor attention around the recent weakness. McDonald’s at 52-Week Low: Buy, Sell or Hold?
• Negative Sentiment: Recent market commentary highlighted that McDonald’s stock has fallen sharply this year and is trading near its 52-week low, reinforcing concerns about weaker momentum and investor caution. What’s Wrong With McDonald’s Stock?

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Evercore set a $350.00 target price on McDonald’s in a research report on Friday, May 8th. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and upped their price target for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of McDonald’s in a research note on Tuesday. Tigress Financial increased their price objective on McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of McDonald’s in a report on Monday. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $336.26.

McDonald’s Price Performance

Shares of MCD opened at $272.16 on Wednesday. The company has a market capitalization of $193.37 billion, a P/E ratio of 22.44, a PEG ratio of 2.69 and a beta of 0.41. McDonald’s Corporation has a one year low of $270.08 and a one year high of $341.75. The business’s 50 day simple moving average is $285.54 and its 200-day simple moving average is $305.35.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the firm posted $2.67 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 2nd. McDonald’s’s dividend payout ratio is presently 61.34%.

About McDonald’s

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.