DRW Securities LLC Has $344,000 Holdings in McDonald's Corporation $MCD

Key Points

• DRW Securities LLC has reduced its stake in McDonald's Corporation by 50.0%, now holding 1,100 shares worth approximately $344,000.
• Several institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, increased their holdings in McDonald's during the 4th quarter, demonstrating continued interest in the stock.
• McDonald's announced a quarterly dividend of $1.77 per share to be paid on September 16th, yielding 2.3%, with a payout ratio of 60.67%.

DRW Securities LLC decreased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,100 shares of the fast-food giant's stock after selling 1,100 shares during the period. DRW Securities LLC's holdings in McDonald's were worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald's during the 4th quarter worth $25,000. Abound Financial LLC purchased a new stake in McDonald's during the 1st quarter worth $30,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the 4th quarter worth $29,000. Redmont Wealth Advisors LLC purchased a new stake in McDonald's during the 1st quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of McDonald's in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,341 shares of company stock valued at $2,544,327. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Performance

Shares of NYSE MCD traded down $2.69 during midday trading on Friday, hitting $314.30. The company's stock had a trading volume of 2,533,016 shares, compared to its average volume of 2,961,695. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm's fifty day moving average price is $303.87 and its 200-day moving average price is $306.45. The firm has a market cap of $224.28 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.23 and a beta of 0.50.

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

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in 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 report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and dropped their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Evercore ISI boosted their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Bank of America dropped their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Twelve equities research 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, the stock has a consensus rating of "Hold" and an average target price of $325.35.

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.