McDonald’s Corporation $MCD Holdings Cut by Shoker Investment Counsel Inc.

Shoker Investment Counsel Inc. reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,155 shares of the fast-food giant’s stock after selling 212 shares during the period. Shoker Investment Counsel Inc.’s holdings in McDonald’s were worth $2,967,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares during the period. SSA Swiss Advisors AG acquired a new stake in McDonald’s during the first quarter worth $175,000. Chancellor Financial Group WB LP boosted its position in shares of McDonald’s by 24.3% during the 1st quarter. Chancellor Financial Group WB LP now owns 2,812 shares of the fast-food giant’s stock valued at $878,000 after acquiring an additional 550 shares in the last quarter. Finally, RD Lewis Holdings Inc. grew its stake in shares of McDonald’s by 3.5% in the 1st quarter. RD Lewis Holdings Inc. now owns 9,753 shares of the fast-food giant’s stock valued at $3,043,000 after purchasing an additional 332 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of NYSE MCD opened at $304.80 on Tuesday. The stock has a market capitalization of $217.06 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The business has a 50-day moving average of $303.21 and a 200-day moving average of $304.47.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the company posted $3.23 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 63.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MCD shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Citigroup dropped their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. KeyCorp reissued an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research report on Friday, October 17th. Finally, Piper Sandler reiterated a “neutral” rating and set a $325.00 target price on shares of McDonald’s in a report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and an average price target of $323.91.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the 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 in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is owned by insiders.

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.