111 Capital Reduces Holdings in McDonald's Corporation $MCD

Key Points

• 111 Capital reduced its holdings in McDonald's Corporation ($MCD) by 28.4%, selling 2,767 shares in the second quarter, leaving it with 6,967 shares valued at about $2.04 million.
• Other institutional investors, such as Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their stakes in McDonald's, reflecting strong continued interest in the fast-food giant.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding estimates, alongside a revenue of $6.84 billion, marking a 5.4% year-over-year increase.

111 Capital trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 28.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,967 shares of the fast-food giant's stock after selling 2,767 shares during the quarter. 111 Capital's holdings in McDonald's were worth $2,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of McDonald's by 2.8% during the fourth 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 period. Quotient Wealth Partners LLC boosted its stake in shares of McDonald's by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after purchasing an additional 258 shares during the period. Lmcg Investments LLC boosted its stake in shares of McDonald's by 7.1% during the first quarter. Lmcg Investments LLC now owns 3,693 shares of the fast-food giant's stock valued at $1,154,000 after purchasing an additional 245 shares during the period. Finally, Breakwater Capital Group boosted its stake in shares of McDonald's by 14.4% during the first quarter. Breakwater Capital Group now owns 1,427 shares of the fast-food giant's stock valued at $446,000 after purchasing an additional 180 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business'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 completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business'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 completion of the transaction, the insider owned 9,283 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 7,402 shares of company stock valued at $2,273,407. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

MCD stock opened at $300.72 on Friday. The business has a 50-day moving average price of $306.93 and a 200 day moving average price of $306.17. The company has a market capitalization of $214.59 billion, a P/E ratio of 25.77, a PEG ratio of 3.05 and a beta of 0.50. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

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

McDonald's Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Stifel Nicolaus boosted their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. Barclays lifted their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of McDonald's in a report on Saturday, September 27th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $325.86.

About McDonald's

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.

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