McDonald’s Corporation $MCD Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. trimmed its stake in McDonald’s Corporation (NYSE:MCD) by 12.7% in the second quarter, Holdings Channel.com reports. The firm owned 58,075 shares of the fast-food giant’s stock after selling 8,441 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in McDonald’s were worth $16,968,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the period. SSA Swiss Advisors AG acquired a new stake in McDonald’s during the 1st quarter worth approximately $175,000. Penserra Capital Management LLC raised its holdings in McDonald’s by 48.6% in the first quarter. Penserra Capital Management LLC now owns 2,781 shares of the fast-food giant’s stock valued at $867,000 after buying an additional 909 shares during the period. Finally, LBP AM SA acquired a new position in McDonald’s during the first quarter valued at approximately $3,667,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed 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 dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MCD shares. KeyCorp reissued an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research report on Monday, October 20th. Robert W. Baird upped their price target on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Citigroup reduced their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Melius began coverage on McDonald’s in a research report on Monday, July 14th. They issued 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 issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Hold” and a consensus price target of $323.91.

McDonald’s Price Performance

Shares of MCD stock opened at $298.36 on Friday. The company’s fifty day moving average price is $304.67 and its two-hundred day moving average price is $305.20. The firm has a market capitalization of $212.91 billion, a P/E ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.23 earnings per share. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 dividend yield of 2.5%. McDonald’s’s dividend payout ratio is 63.48%.

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.