One Charles Private Wealth Services LLC Sells 205 Shares of McDonald’s Corporation $MCD

One Charles Private Wealth Services LLC lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,857 shares of the fast-food giant’s stock after selling 205 shares during the period. One Charles Private Wealth Services LLC’s holdings in McDonald’s were worth $543,000 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. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the 1st quarter valued at $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at about $26,000. Decker Retirement Planning Inc. grew its position in McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $25,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MCD shares. Evercore ISI upped their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Guggenheim lifted their price target on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Robert W. Baird lifted their target price on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Citigroup decreased their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $324.57.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $304.99 on Tuesday. The business has a fifty day moving average price of $303.02 and a 200-day moving average price of $304.11. The company has a market capitalization of $217.20 billion, a PE ratio of 26.13, a PEG ratio of 3.23 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.

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). The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.23 earnings per share. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,463 shares of company stock valued at $10,549,351 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

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.