180 Wealth Advisors LLC Sells 39 Shares of McDonald’s Corporation $MCD

180 Wealth Advisors LLC reduced its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,834 shares of the fast-food giant’s stock after selling 39 shares during the quarter. 180 Wealth Advisors LLC’s holdings in McDonald’s were worth $536,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the 1st quarter valued at about $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $30,000. GFG Capital LLC bought a new position in shares of McDonald’s during the 2nd quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $31,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock valued at $1,692,186 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Royal Bank Of Canada initiated coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. Guggenheim cut their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Finally, Evercore ISI upped their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $324.50.

McDonald’s Price Performance

Shares of MCD opened at $306.05 on Friday. The stock has a market capitalization of $218.39 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business’s 50 day simple moving average is $306.49 and its 200-day simple moving average is $305.61.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This is a positive change 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 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is currently 60.67%.

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.