McDonald’s Corporation $MCD Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC reduced its stake in McDonald’s Corporation (NYSE:MCD) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,168 shares of the fast-food giant’s stock after selling 49 shares during the period. Live Oak Private Wealth LLC’s holdings in McDonald’s were worth $926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the 1st quarter worth about $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s during the first quarter worth approximately $26,000. GFG Capital LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 1.4%

NYSE MCD opened at $302.18 on Thursday. The company has a market capitalization of $215.64 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.28 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business’s 50-day moving average price is $306.22 and its 200 day moving average price is $305.66.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate 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%.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 EPS. Equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. 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 yield of 2.5%. McDonald’s’s dividend payout ratio is presently 60.67%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’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 transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction 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 owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,463 shares of company stock valued at $1,692,186 in the last quarter. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays raised their price objective on McDonald’s from $360.00 to $362.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI lifted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup lowered their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. TD Cowen lifted their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Finally, BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $323.43.

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 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.