Glass Jacobson Investment Advisors llc Trims Holdings in McDonald's Corporation $MCD

Key Points

• Glass Jacobson Investment Advisors has reduced its holdings in McDonald's Corporation (NYSE:MCD) by 75.7%, now owning 449 shares valued at $131,000.
• Insiders at McDonald's have recently sold a total of 5,463 shares worth approximately $1.69 million, leading to a decrease in their overall ownership to 0.25% of the company's stock.
• McDonald's announced an increase in its quarterly dividend to $1.86 per share, with the ex-dividend date set for December 1st.

Glass Jacobson Investment Advisors llc reduced its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 75.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 449 shares of the fast-food giant's stock after selling 1,398 shares during the period. Glass Jacobson Investment Advisors llc's holdings in McDonald's were worth $131,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its position in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in McDonald's by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after buying an additional 258 shares during the period. SSA Swiss Advisors AG purchased a new position in McDonald's during the 1st quarter worth $175,000. Finally, GAMMA Investing LLC lifted its stake in shares of McDonald's by 25.3% in the 1st quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant's stock worth $3,498,000 after acquiring an additional 2,261 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company's stock, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, 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. Over the last quarter, insiders sold 5,463 shares of company stock worth $1,692,186. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Morgan Stanley set a $335.00 price target on shares of McDonald's in a research note on Friday, October 17th. Royal Bank Of Canada started coverage on McDonald's in a research report on Wednesday, October 8th. They set a "sector perform" rating and a $320.00 target price on the stock. Barclays raised their price target on McDonald's from $360.00 to $362.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company dropped their price objective on McDonald's from $350.00 to $340.00 and set an "overweight" rating on the stock in a report on Thursday, October 16th. Finally, KeyCorp reissued an "overweight" rating and issued a $335.00 target price on shares of McDonald's in a report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $324.50.

McDonald's Price Performance

NYSE MCD opened at $306.05 on Friday. The business has a 50 day moving average price of $306.49 and a 200 day moving average price of $305.65. The company has a market capitalization of $218.39 billion, a P/E ratio of 26.23, a PEG ratio of 3.23 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.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 company 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 company earned $2.97 earnings per share. McDonald's's revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Increases Dividend

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

About McDonald's

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.