Activest Wealth Management Lowers Holdings in McDonald’s Corporation $MCD

Activest Wealth Management lessened its stake in McDonald’s Corporation (NYSE:MCD) by 47.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142 shares of the fast-food giant’s stock after selling 128 shares during the quarter. Activest Wealth Management’s holdings in McDonald’s were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Stableford Capital II LLC raised its position in shares of McDonald’s by 4.9% in the 2nd quarter. Stableford Capital II LLC now owns 3,203 shares of the fast-food giant’s stock worth $956,000 after purchasing an additional 150 shares during the last quarter. WealthPLAN Partners LLC raised its position in McDonald’s by 10.5% in the 2nd quarter. WealthPLAN Partners LLC now owns 2,372 shares of the fast-food giant’s stock worth $693,000 after buying an additional 225 shares during the last quarter. Evernest Financial Advisors LLC raised its position in McDonald’s by 4.1% in the 2nd quarter. Evernest Financial Advisors LLC now owns 6,847 shares of the fast-food giant’s stock worth $2,001,000 after buying an additional 270 shares during the last quarter. Tower Wealth Partners Inc. raised its position in McDonald’s by 12.6% in the 2nd quarter. Tower Wealth Partners Inc. now owns 2,078 shares of the fast-food giant’s stock worth $607,000 after buying an additional 232 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its position in McDonald’s by 6.1% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 37,713 shares of the fast-food giant’s stock worth $11,019,000 after buying an additional 2,184 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s 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 completion of the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,402 shares of company stock valued at $1,973,407. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.0%

McDonald’s stock opened at $305.33 on Friday. The business has a 50-day simple moving average of $306.24 and a two-hundred day simple moving average of $305.58. The company has a market cap of $217.88 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.22 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.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 225.52% and a net margin of 32.21%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid 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 dividend yield of 2.3%. McDonald’s’s payout ratio is 60.67%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. KeyCorp reissued an “overweight” rating and issued a $335.00 target price (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Barclays boosted their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Evercore ISI boosted their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Piper Sandler boosted their target price on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, McDonald’s has a consensus rating of “Hold” and an average price target of $324.27.

McDonald’s Company 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.