Clarius Group LLC Has $1.82 Million Stock Position in McDonald’s Corporation $MCD

Clarius Group LLC cut its holdings in McDonald’s Corporation (NYSE:MCD) by 4.3% during the second quarter, Holdings Channel.com reports. The firm owned 6,226 shares of the fast-food giant’s stock after selling 280 shares during the quarter. Clarius Group LLC’s holdings in McDonald’s were worth $1,819,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s during the first quarter worth about $26,000. Abound Financial LLC acquired a new position in McDonald’s during the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC bought a new position in McDonald’s in the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald’s during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,402 shares of company stock valued at $2,273,407. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. Truist Financial increased their price objective on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Citigroup increased their price target on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. TD Cowen lifted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Bank of America reduced their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $325.86.

McDonald’s Stock Performance

Shares of MCD stock opened at $300.72 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market capitalization of $214.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.07 and a beta of 0.50. The company has a 50-day simple moving average of $306.93 and a 200 day simple moving average of $306.16.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the firm earned $2.97 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is 60.67%.

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.