Blueshift Asset Management LLC Sells 380 Shares of McDonald’s Corporation $MCD

Blueshift Asset Management LLC trimmed its holdings in McDonald’s Corporation (NYSE:MCD) by 11.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,831 shares of the fast-food giant’s stock after selling 380 shares during the quarter. Blueshift Asset Management LLC’s holdings in McDonald’s were worth $827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MCD. Decker Retirement Planning Inc. boosted its holdings in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth $25,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter worth $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the first quarter worth $26,000. Finally, GFG Capital LLC purchased a new stake in McDonald’s during the second quarter valued at $29,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $303.55 on Tuesday. The stock has a fifty day simple moving average of $303.74 and a two-hundred day simple moving average of $304.08. The firm has a market capitalization of $216.18 billion, a PE ratio of 26.01, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

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

McDonald’s Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MCD shares. KeyCorp restated an “overweight” rating and set a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Evercore ISI boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Truist Financial reduced their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research note on Friday, October 17th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $324.57.

Insider Activity

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction 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 sale, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. The trade was a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,463 shares of company stock worth $10,234,351 over the last quarter. Insiders own 0.25% of the company’s stock.

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.