Beacon Investment Advisory Services Inc. Sells 1,546 Shares of McDonald's Corporation $MCD

Beacon Investment Advisory Services Inc. trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,802 shares of the fast-food giant's stock after selling 1,546 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in McDonald's were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Brighton Jones LLC grew 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 buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings 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 acquiring an additional 52 shares during the period. Copia Wealth Management purchased a new position in McDonald's during the 4th quarter valued at $31,000. NorthCrest Asset Manangement LLC grew its position in McDonald's by 2.5% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,897 shares of the fast-food giant's stock valued at $839,000 after acquiring an additional 71 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in McDonald's in the fourth quarter worth $25,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer 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 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.7%

Shares of NYSE MCD opened at $302.29 on Friday. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock's fifty day simple moving average is $306.31 and its two-hundred day simple moving average is $306.15. The stock has a market capitalization of $215.72 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.50.

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

McDonald's Announces Dividend

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 $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. KeyCorp restated an "overweight" rating and issued a $335.00 target price (up from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Stifel Nicolaus raised their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, McDonald's has an average rating of "Hold" and a consensus price target of $325.86.

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.

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