King Luther Capital Management Corp Decreases Stock Position in McDonald’s Corporation $MCD

King Luther Capital Management Corp lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,312 shares of the fast-food giant’s stock after selling 456 shares during the quarter. King Luther Capital Management Corp’s holdings in McDonald’s were worth $7,980,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MCD. Brighton Jones LLC increased its position in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its stake in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. SSA Swiss Advisors AG acquired a new position in shares of McDonald’s in the first quarter valued at about $175,000. Fort Sheridan Advisors LLC raised its stake in shares of McDonald’s by 6.6% in the first quarter. Fort Sheridan Advisors LLC now owns 744 shares of the fast-food giant’s stock worth $232,000 after purchasing an additional 46 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of McDonald’s by 25.5% during the first quarter. Kathmere Capital Management LLC now owns 1,261 shares of the fast-food giant’s stock worth $394,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,134 shares of company stock worth $4,570,716. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a report on Friday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday. Barclays reduced their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus upped 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. Finally, Wells Fargo & Company increased their price target on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus price target of $323.91.

McDonald’s Trading Up 0.4%

NYSE MCD opened at $299.71 on Monday. The stock has a market capitalization of $213.44 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.23 and a beta of 0.50. The stock has a 50-day moving average of $304.39 and a 200 day moving average of $304.94. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.23 earnings per share. Equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is presently 63.48%.

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.