McDonald’s Corporation $MCD Shares Sold by Bell & Brown Wealth Advisors LLC

Bell & Brown Wealth Advisors LLC cut its stake in McDonald’s Corporation (NYSE:MCD) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,721 shares of the fast-food giant’s stock after selling 165 shares during the period. Bell & Brown Wealth Advisors LLC’s holdings in McDonald’s were worth $3,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the first quarter worth $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the first quarter worth $26,000. GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter worth $29,000. Abound Financial LLC bought a new position in shares of McDonald’s in the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s in the first quarter worth $31,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MCD shares. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday. JPMorgan Chase & Co. increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Piper Sandler raised their target price on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Barclays raised their target price on McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, TD Cowen raised their target price on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus target price of $324.68.

McDonald’s Stock Up 0.9%

Shares of MCD stock opened at $308.02 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $219.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.22 and a beta of 0.50. The stock has a 50-day simple moving average of $306.29 and a 200 day simple moving average of $305.54.

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

McDonald’s Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The shares were 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 in the company, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,402 shares of company stock worth $1,973,407. 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.