McDonald’s Corporation $MCD Stock Holdings Lessened by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,393 shares of the fast-food giant’s stock after selling 1,758 shares during the quarter. Wedbush Securities Inc.’s holdings in McDonald’s were worth $7,419,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MCD. First American Trust FSB grew its stake in shares of McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA raised its position in McDonald’s by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after acquiring an additional 91,313 shares in the last quarter. Hamilton Capital LLC lifted its stake in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares during the last quarter. Welch Group LLC grew its position in McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new stake in McDonald’s in the first quarter worth approximately $564,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their position. 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 in the last ninety days. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Royal Bank Of Canada began coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Stifel Nicolaus boosted their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. KeyCorp reiterated an “overweight” rating and set a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Barclays lowered their price objective on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Bank of America reduced their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average price target of $323.91.

McDonald’s Stock Performance

NYSE MCD opened at $299.71 on Friday. The stock has a 50-day simple moving average of $304.39 and a 200 day simple moving average of $305.13. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $213.88 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $3.23 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. 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 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. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is presently 63.48%.

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.