Catalyst Capital Advisors LLC Sells 1,127 Shares of McDonald's Corporation $MCD

Key Points

• Catalyst Capital Advisors LLC has reduced its stake in McDonald's Corporation by 71.3%, now holding 453 shares valued at $132,000 after selling 1,127 shares.
• Executive Vice Presidents Desiree Ralls-Morrison and Jonathan Banner sold significant shares, resulting in decreases of 22.12% and 90.99% in their ownership, respectively.
• McDonald's announced an increased quarterly dividend of $1.86, up from the previous $1.77, with the payout scheduled for December 15th.

Catalyst Capital Advisors LLC trimmed its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 71.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453 shares of the fast-food giant's stock after selling 1,127 shares during the period. Catalyst Capital Advisors LLC's holdings in McDonald's were worth $132,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HFM Investment Advisors LLC bought a new stake in McDonald's in the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in McDonald's in the first quarter valued at $26,000. GFG Capital LLC bought a new stake in McDonald's in the second quarter valued at $29,000. Abound Financial LLC acquired a new position in McDonald's in the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald's in the first quarter worth $31,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Down 0.3%

Shares of MCD opened at $306.05 on Friday. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market capitalization of $218.39 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The stock's fifty day simple moving average is $306.49 and its 200-day simple moving average is $305.65.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald's's previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald's's payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. KeyCorp reissued an "overweight" rating and issued a $335.00 price objective on shares of McDonald's in a research note on Monday, October 20th. BMO Capital Markets boosted their price objective on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Evercore ISI boosted their price objective on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Wells Fargo & Company reduced their price objective on McDonald's from $350.00 to $340.00 and set an "overweight" rating on the stock in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of McDonald's in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average price target of $324.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.