Beacon Pointe Advisors LLC Sells 173 Shares of McDonald’s Corporation $MCD

Beacon Pointe Advisors LLC reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,361 shares of the fast-food giant’s stock after selling 173 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in McDonald’s were worth $31,076,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in McDonald’s by 26.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 980,447 shares of the fast-food giant’s stock valued at $286,457,000 after purchasing an additional 207,311 shares during the period. Quantbot Technologies LP bought a new position in shares of McDonald’s during the second quarter worth $1,805,000. Van Hulzen Asset Management LLC grew its holdings in shares of McDonald’s by 6.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 82,469 shares of the fast-food giant’s stock valued at $24,095,000 after buying an additional 5,006 shares during the period. Smith Moore & CO. grew its holdings in shares of McDonald’s by 7.2% in the 2nd quarter. Smith Moore & CO. now owns 5,024 shares of the fast-food giant’s stock valued at $1,468,000 after buying an additional 337 shares during the period. Finally, VestGen Advisors LLC increased its position in shares of McDonald’s by 1.3% in the 2nd quarter. VestGen Advisors LLC now owns 24,556 shares of the fast-food giant’s stock valued at $7,302,000 after buying an additional 310 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MCD shares. JPMorgan Chase & Co. boosted their target price on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Robert W. Baird boosted their price objective on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. TD Cowen increased their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Mizuho raised shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus upped their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $324.57.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the business’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 owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were 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 approximately $8,169,430. The trade was a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 33,463 shares of company stock worth $10,234,351. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 2.7%

Shares of MCD opened at $303.55 on Tuesday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $216.18 billion, a P/E ratio of 26.01, a P/E/G ratio of 3.23 and a beta of 0.50. The company has a 50 day moving average of $303.74 and a 200-day moving average of $304.08.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 EPS. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

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.