McDonald’s Corporation $MCD Holdings Reduced by Alpha Financial Partners LLC

Alpha Financial Partners LLC reduced its stake in McDonald’s Corporation (NYSE:MCD) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 715 shares of the fast-food giant’s stock after selling 56 shares during the period. Alpha Financial Partners LLC’s holdings in McDonald’s were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MCD. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. GFG Capital LLC acquired a new stake in shares of McDonald’s in the 2nd quarter worth approximately $29,000. Abound Financial LLC acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MCD. Barclays upped their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Truist Financial increased their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Guggenheim cut their target price on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Finally, Melius initiated coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $325.18.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $297.07 on Friday. The company has a market cap of $211.99 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a 50 day simple moving average of $306.31 and a 200 day simple moving average of $305.74.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock worth $1,973,407 in the last quarter. Insiders own 0.25% of the company’s stock.

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.