Focused Investors LLC Sells 8,900 Shares of McDonald's Corporation $MCD

Key Points

• Focused Investors LLC decreased its stake in McDonald's by 2.1%, selling 8,900 shares, which now represent 3.9% of its total portfolio, valued at approximately $120 million.
• A number of institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have recently increased their holdings in McDonald's, indicating ongoing confidence in the company.
• Several analysts have raised their target prices for McDonald's shares, with Barclays and Evercore ISI setting new targets of $360, reflecting a positive outlook on the stock's performance.

Focused Investors LLC decreased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 2.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 410,750 shares of the fast-food giant's stock after selling 8,900 shares during the quarter. McDonald's makes up 3.9% of Focused Investors LLC's portfolio, making the stock its 12th biggest holding. Focused Investors LLC owned 0.06% of McDonald's worth $120,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Brighton Jones LLC increased its position in McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its position in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after buying an additional 52 shares in the last quarter. Quotient Wealth Partners LLC grew its position 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 worth $817,000 after purchasing an additional 258 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in shares of McDonald's by 0.5% during the first quarter. First Citizens Bank & Trust Co. now owns 14,055 shares of the fast-food giant's stock worth $4,390,000 after purchasing an additional 63 shares in the last quarter. Finally, SSA Swiss Advisors AG purchased a new stake in shares of McDonald's during the first quarter worth about $175,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MCD shares. Barclays increased their target price on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Evercore ISI increased their target price on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus increased their target price on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Truist Financial increased their price target on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Piper Sandler increased their price target on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $325.86.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 over the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald's Price Performance

NYSE:MCD opened at $296.35 on Wednesday. The firm has a market capitalization of $211.47 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.01 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. The business has a 50 day simple moving average of $306.74 and a 200-day simple moving average of $306.02.

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, 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 analyst estimates of $6.68 billion. During the same period last year, the company earned $2.97 EPS. McDonald's's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

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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