Archford Capital Strategies LLC Sells 6,105 Shares of McDonald's Corporation $MCD

Key Points

• Archford Capital Strategies LLC reduced its stake in McDonald's by 54.8%, selling 6,105 shares and now holding 5,035 shares valued at approximately $1.47 million.
• McDonald's reported $3.19 earnings per share for its latest quarter, exceeding analysts' expectations, with revenue of $6.84 billion, a 5.4% increase year-over-year.
• The company declared a quarterly dividend of $1.77 per share, reflecting a 2.3% dividend yield and a payout ratio of 60.67%.

Archford Capital Strategies LLC trimmed its position in McDonald's Corporation (NYSE:MCD - Free Report) by 54.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,035 shares of the fast-food giant's stock after selling 6,105 shares during the quarter. Archford Capital Strategies LLC's holdings in McDonald's were worth $1,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HFM Investment Advisors LLC purchased a new position in shares of McDonald's in the 1st quarter valued at $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald's during the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new position in shares of McDonald's in the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of McDonald's in the first quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in McDonald's during the 1st quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MCD shares. Melius initiated coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Barclays upped their price objective on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $325.86.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Trading Up 0.9%

Shares of NYSE MCD opened at $305.10 on Monday. The business has a 50-day moving average of $306.48 and a 200-day moving average of $306.25. The firm has a market capitalization of $217.72 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.11 and a beta of 0.49. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 EPS. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

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.

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