McDonald’s Corporation $MCD Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. reduced its stake in McDonald’s Corporation (NYSE:MCD) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,631 shares of the fast-food giant’s stock after selling 7,223 shares during the period. McDonald’s makes up about 3.0% of Cambridge Financial Group Inc.’s holdings, making the stock its 15th largest holding. Cambridge Financial Group Inc.’s holdings in McDonald’s were worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at approximately $26,000. Decker Retirement Planning Inc. lifted its stake in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 2nd quarter worth approximately $25,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.4%

Shares of MCD opened at $299.71 on Monday. The company’s 50 day simple moving average is $304.39 and its 200-day simple moving average is $304.94. The firm has a market cap of $213.44 billion, a PE ratio of 25.68, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the company earned $3.23 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared 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. 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%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is 63.48%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a report on Thursday. TD Cowen raised their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Finally, Barclays decreased their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research note on Thursday. Eleven 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $323.91.

Insider Activity at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the business’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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,134 shares of company stock worth $4,570,716 in the last quarter. Company insiders own 0.25% of the company’s stock.

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.