Regatta Capital Group LLC Has $2.14 Million Stock Holdings in McDonald’s Corporation $MCD

Regatta Capital Group LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,307 shares of the fast-food giant’s stock after selling 149 shares during the period. Regatta Capital Group LLC’s holdings in McDonald’s were worth $2,135,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MCD. First American Trust FSB increased its stake in McDonald’s by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after acquiring an additional 13,234 shares during the period. Banque Transatlantique SA increased its stake in McDonald’s by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after acquiring an additional 91,313 shares during the period. Hamilton Capital LLC increased its stake in McDonald’s by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares during the period. Red Door Wealth Management LLC increased its stake in McDonald’s by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after acquiring an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in McDonald’s by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after acquiring an additional 18,393 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the 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 sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 in the last 90 days. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $304.34 on Thursday. The firm has a market cap of $217.18 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock’s 50 day simple moving average is $306.27 and its 200 day simple moving average is $306.25.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio is 60.67%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Stifel Nicolaus upped their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. upped their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Piper Sandler upped their price objective on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $325.86.

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.