McDonald’s Co. (NYSE:MCD) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,932 shares of the fast-food giant’s stock after selling 61 shares during the quarter. TRUE Private Wealth Advisors’ holdings in McDonald’s were worth $446,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MCD. Ameriprise Financial Inc. increased its holdings in shares of McDonald’s by 40.3% in the first quarter. Ameriprise Financial Inc. now owns 3,888,377 shares of the fast-food giant’s stock valued at $871,882,000 after purchasing an additional 1,116,967 shares during the last quarter. Suvretta Capital Management LLC acquired a new stake in shares of McDonald’s in the first quarter valued at approximately $213,957,000. BlackRock Inc. increased its holdings in shares of McDonald’s by 1.4% in the first quarter. BlackRock Inc. now owns 51,462,592 shares of the fast-food giant’s stock valued at $11,534,826,000 after purchasing an additional 714,829 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of McDonald’s by 22.2% in the first quarter. UBS Asset Management Americas Inc. now owns 3,443,349 shares of the fast-food giant’s stock valued at $771,792,000 after purchasing an additional 624,534 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of McDonald’s by 9.6% in the first quarter. Nuveen Asset Management LLC now owns 6,472,300 shares of the fast-food giant’s stock valued at $1,450,702,000 after purchasing an additional 566,813 shares during the last quarter. 66.34% of the stock is owned by institutional investors and hedge funds.

Shares of MCD traded down $2.38 during midday trading on Wednesday, reaching $238.75. 2,628 shares of the stock were exchanged, compared to its average volume of 2,719,415. The business’s 50-day moving average price is $237.97 and its 200 day moving average price is $232.04. McDonald’s Co. has a twelve month low of $202.73 and a twelve month high of $247.05. The company has a market capitalization of $178.30 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.36 and a beta of 0.63.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, July 27th. The fast-food giant reported $2.37 EPS for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.26. McDonald’s had a negative return on equity of 83.98% and a net margin of 31.72%. The business had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, August 31st. McDonald’s’s dividend payout ratio is presently 85.29%.

Several equities research analysts recently commented on MCD shares. MKM Partners increased their price target on McDonald’s from $265.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Jefferies Financial Group increased their price objective on McDonald’s from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Stephens increased their price objective on McDonald’s from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Argus increased their price objective on McDonald’s from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Finally, Morgan Stanley increased their price objective on McDonald’s from $259.00 to $266.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Buy” and a consensus price target of $256.72.

In related news, SVP Catherine A. Hoovel sold 2,493 shares of McDonald’s stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $243.45, for a total transaction of $606,920.85. Following the completion of the transaction, the senior vice president now directly owns 3,384 shares in the company, valued at approximately $823,834.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin M. Ozan sold 47,649 shares of the business’s stock in a transaction on Thursday, July 29th. The shares were sold at an average price of $243.90, for a total value of $11,621,591.10. Following the completion of the transaction, the chief financial officer now owns 32,483 shares of the company’s stock, valued at $7,922,603.70. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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