McDonald’s Corporation $MCD Shares Sold by Ghe LLC

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthTrust Axiom LLC boosted its holdings in McDonald’s by 1.8% in the first quarter. WealthTrust Axiom LLC now owns 1,946 shares of the fast-food giant’s stock valued at $608,000 after purchasing an additional 35 shares during the last quarter. Certior Financial Group LLC raised its position in shares of McDonald’s by 2.6% in the 1st quarter. Certior Financial Group LLC now owns 1,367 shares of the fast-food giant’s stock valued at $427,000 after purchasing an additional 35 shares in the last quarter. Alaethes Wealth LLC raised its position in shares of McDonald’s by 3.0% in the 1st quarter. Alaethes Wealth LLC now owns 1,219 shares of the fast-food giant’s stock valued at $381,000 after purchasing an additional 35 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in shares of McDonald’s by 1.0% during the 2nd quarter. Sheets Smith Wealth Management now owns 3,604 shares of the fast-food giant’s stock valued at $1,053,000 after buying an additional 35 shares during the last quarter. Finally, Sunbeam Capital Management LLC grew its position in shares of McDonald’s by 3.2% during the second quarter. Sunbeam Capital Management LLC now owns 1,112 shares of the fast-food giant’s stock worth $325,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the firm’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 value of $977,094.90. Following the sale, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. This trade represents a 34.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,030 shares of company stock valued at $12,240,570 in the last ninety days. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $316.84 on Monday. The firm has a market capitalization of $225.64 billion, a P/E ratio of 27.03, a P/E/G ratio of 3.52 and a beta of 0.52. The business has a 50 day simple moving average of $304.98 and a 200 day simple moving average of $303.64. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last posted 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). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the business posted $3.23 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.3%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 63.48%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Guggenheim lifted their price target on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Truist Financial cut their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Robert W. Baird boosted their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Hold” and an average target price of $324.57.

McDonald’s 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.