Los Angeles Capital Management LLC Reduces Position in McDonald’s Corporation $MCD

Los Angeles Capital Management LLC trimmed its holdings in McDonald’s Corporation (NYSE:MCD) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,728 shares of the fast-food giant’s stock after selling 1,232 shares during the quarter. Los Angeles Capital Management LLC’s holdings in McDonald’s were worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Brighton Jones LLC increased its stake in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC increased its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the period. SSA Swiss Advisors AG purchased a new position in shares of McDonald’s during the first quarter worth approximately $175,000. Massachusetts Financial Services Co. MA raised its stake in shares of McDonald’s by 10.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 99,321 shares of the fast-food giant’s stock valued at $31,025,000 after acquiring an additional 9,136 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of McDonald’s by 17.2% in the first quarter. Larson Financial Group LLC now owns 5,393 shares of the fast-food giant’s stock valued at $1,684,000 after purchasing an additional 792 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Price Performance

Shares of MCD stock opened at $306.63 on Thursday. The stock’s 50-day moving average is $303.72 and its 200 day moving average is $304.76. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a market cap of $218.37 billion, a P/E ratio of 26.28, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the company posted $3.23 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate 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 given a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’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 sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 over the last three months. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MCD shares. Bank of America reduced their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Barclays decreased their price objective on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Robert W. Baird increased their target price on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, TD Cowen boosted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $323.91.

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.