McDonald’s Corporation $MCD Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its stake in McDonald’s Corporation (NYSE:MCDFree Report) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,947 shares of the fast-food giant’s stock after selling 1,983 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in McDonald’s were worth $4,568,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Vanguard Group Inc. grew its stake in shares of McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,647,669 shares of the fast-food giant’s stock valued at $21,773,010,000 after buying an additional 316,638 shares during the period. State Street Corp increased its stake in McDonald’s by 0.6% during the third quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock worth $10,643,704,000 after acquiring an additional 196,505 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the 2nd quarter worth about $2,780,712,000. Laurel Wealth Advisors LLC raised its holdings in shares of McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after purchasing an additional 5,718,087 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of McDonald’s by 6.4% in the 3rd quarter. Legal & General Group Plc now owns 4,757,967 shares of the fast-food giant’s stock valued at $1,445,899,000 after purchasing an additional 286,284 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $308.26 on Tuesday. The company has a market capitalization of $218.98 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.51. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $341.75. The company’s fifty day moving average price is $321.62 and its two-hundred day moving average price is $311.57.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.83 EPS. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald’s’s payout ratio is currently 62.26%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares in the company, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $328.34, for a total value of $862,220.84. Following the transaction, the insider directly owned 8,733 shares in the company, valued at approximately $2,867,393.22. This represents a 23.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 71,657 shares of company stock valued at $23,722,204 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Trending Headlines about McDonald’s

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Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. KeyCorp raised their price target on shares of McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $340.00 price objective on shares of McDonald’s in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $305.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $339.69.

Get Our Latest Analysis on McDonald’s

McDonald’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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