Solidarity Wealth LLC decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 87.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,411 shares of the fast-food giant’s stock after selling 32,023 shares during the period. Solidarity Wealth LLC’s holdings in McDonald’s were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in MCD. Your Advocates Ltd. LLP acquired a new position in McDonald’s during the fourth quarter worth $27,000. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s during the fourth quarter valued at $29,000. Abound Financial LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $30,000. Purpose Unlimited Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $31,000. Finally, DecisionPoint Financial LLC increased its stake in shares of McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
More McDonald’s News
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
- Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys
McDonald’s Stock Down 0.0%
McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. McDonald’s’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 earnings per share. As a group, equities research analysts expect that McDonald’s Corporation will post 12.88 EPS for the current year.
McDonald’s Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a $1.86 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio is 60.44%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MCD. BTIG Research restated a “buy” rating and set a $350.00 price target on shares of McDonald’s in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on McDonald’s from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Evercore set a $320.00 price objective on McDonald’s in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and raised their target price for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.
View Our Latest Stock Analysis on MCD
Insider Activity at McDonald’s
In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,348 shares of company stock valued at $2,355,634. Insiders own 0.26% of the company’s stock.
McDonald’s Profile
McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.
Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.
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