Ranch Capital Advisors Inc. Sells 1,598 Shares of McDonald’s Corporation $MCD

Ranch Capital Advisors Inc. decreased its stake in McDonald’s Corporation (NYSE:MCD) by 52.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,446 shares of the fast-food giant’s stock after selling 1,598 shares during the period. Ranch Capital Advisors Inc.’s holdings in McDonald’s were worth $422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HFM Investment Advisors LLC acquired a new position in McDonald’s in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s in the 1st quarter valued at approximately $26,000. GFG Capital LLC acquired a new position in McDonald’s in the 2nd quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the 1st quarter valued at approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock worth $1,692,186 over the last three months. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MCD shares. Evercore ISI increased their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. KeyCorp reiterated an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a research report on Monday. Finally, BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $324.50.

McDonald’s Trading Down 0.3%

NYSE:MCD opened at $306.05 on Friday. The stock has a market capitalization of $218.39 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.24 and a beta of 0.50. The firm has a fifty day simple moving average of $306.49 and a two-hundred day simple moving average of $305.61. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted 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 during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.97 earnings per share. Equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is 60.67%.

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.