BSW Wealth Partners Decreases Holdings in McDonald’s Corporation $MCD

BSW Wealth Partners trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,329 shares of the fast-food giant’s stock after selling 48 shares during the quarter. BSW Wealth Partners’ holdings in McDonald’s were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MCD. HFM Investment Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the 1st quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the 1st quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in McDonald’s in the 1st quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in McDonald’s during the first quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 approximately $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MCD. Piper Sandler upped their price target on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Citigroup increased their target price on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Stifel Nicolaus lifted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Barclays upped their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, KeyCorp restated an “overweight” rating and set a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $325.86.

McDonald’s Stock Performance

MCD stock opened at $300.09 on Friday. The company’s fifty day moving average price is $306.88 and its 200-day moving average price is $306.19. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market capitalization of $214.15 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 EPS. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is currently 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.