Semmax Financial Advisors Inc. Reduces Stake in McDonald’s Co. (NYSE:MCD)

Semmax Financial Advisors Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 28.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,224 shares of the fast-food giant’s stock after selling 2,112 shares during the period. Semmax Financial Advisors Inc.’s holdings in McDonald’s were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Twin Lakes Capital Management LLC acquired a new position in McDonald’s in the first quarter valued at approximately $30,000. Disciplined Investments LLC lifted its holdings in McDonald’s by 175.4% in the second quarter. Disciplined Investments LLC now owns 157 shares of the fast-food giant’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Isthmus Partners LLC acquired a new position in McDonald’s in the second quarter valued at approximately $46,000. Baldrige Asset Management LLC acquired a new position in McDonald’s in the second quarter valued at approximately $47,000. Finally, Lake Point Wealth Management acquired a new position in McDonald’s in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 66.34% of the company’s stock.

Shares of MCD traded down $0.20 during midday trading on Friday, hitting $243.01. The company had a trading volume of 59,016 shares, compared to its average volume of 2,722,119. The company’s 50-day simple moving average is $238.30 and its 200-day simple moving average is $232.18. The firm has a market capitalization of $181.48 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.36 and a beta of 0.63. McDonald’s Co. has a 1 year low of $202.73 and a 1 year high of $247.05.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 27th. The fast-food giant reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.26. The business had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.63 billion. McDonald’s had a negative return on equity of 83.98% and a net margin of 31.72%. During the same quarter last year, the business posted $0.66 EPS. On average, analysts anticipate that McDonald’s Co. will post 9 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 2.12%. The ex-dividend date was Tuesday, August 31st. McDonald’s’s payout ratio is 85.29%.

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

A number of brokerages have issued reports on MCD. Truist boosted their price target on McDonald’s from $255.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, July 29th. MKM Partners upped their target price on McDonald’s from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Stephens upped their target price on McDonald’s from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29th. Guggenheim initiated coverage on McDonald’s in a research note on Monday, July 26th. They set a “buy” rating and a $270.00 target price for the company. Finally, Argus upped their target price on McDonald’s from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Buy” and an average price target of $256.72.

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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