Janney Capital Management LLC Has $20.99 Million Stake in McDonald's Corporation $MCD

Janney Capital Management LLC decreased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,840 shares of the fast-food giant's stock after selling 986 shares during the quarter. McDonald's makes up about 1.4% of Janney Capital Management LLC's investment portfolio, making the stock its 12th largest position. Janney Capital Management LLC's holdings in McDonald's were worth $20,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Smith Chas P & Associates PA Cpas boosted its stake in McDonald's by 0.9% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 176,983 shares of the fast-food giant's stock valued at $51,709,000 after buying an additional 1,589 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its stake in McDonald's by 10.2% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,376 shares of the fast-food giant's stock valued at $694,000 after buying an additional 220 shares in the last quarter. Invesco LLC boosted its stake in McDonald's by 3.4% in the 2nd quarter. Invesco LLC now owns 6,490 shares of the fast-food giant's stock valued at $1,896,000 after buying an additional 214 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in McDonald's by 15.3% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,840 shares of the fast-food giant's stock valued at $830,000 after buying an additional 376 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its stake in McDonald's by 8.7% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,717 shares of the fast-food giant's stock valued at $1,086,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% 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, 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 value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock valued at $2,273,407 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Price Performance

MCD stock opened at $302.56 on Tuesday. The stock has a market capitalization of $215.91 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.11 and a beta of 0.49. The business has a 50-day moving average of $306.62 and a 200-day moving average of $306.27. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.97 earnings per share. Equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. JPMorgan Chase & Co. lifted their price objective on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Barclays raised their target price on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Citigroup raised their target price on McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. BMO Capital Markets raised their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $325.86.

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.

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