McDonald's Corporation $MCD Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its shareholding in McDonald's Corporation by 1.4%, now owning 112,381 shares valued at approximately $35.1 million.
• Various institutional investors have increased their positions in McDonald's, with notable increases such as Brighton Jones LLC's 21.6% growth in the last quarter.
• McDonald's recently reported $3.19 EPS, exceeding analyst expectations, and announced a quarterly dividend of $1.77, indicating a 2.3% dividend yield.

RWA Wealth Partners LLC lessened its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,381 shares of the fast-food giant's stock after selling 1,632 shares during the period. RWA Wealth Partners LLC's holdings in McDonald's were worth $35,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MCD. Brighton Jones LLC boosted its stake 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 valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 valued at $563,000 after acquiring an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after acquiring an additional 27,774 shares in the last quarter. GHE LLC boosted its stake in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in McDonald's by 313.8% in the fourth quarter. Jump Financial LLC now owns 3,567 shares of the fast-food giant's stock valued at $1,034,000 after acquiring an additional 2,705 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, CMO Edith Morgan Flatley sold 976 shares of McDonald's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the sale, the chief marketing officer directly owned 7,882 shares in the company, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 7,341 shares of company stock valued at $2,229,327 in the last 90 days. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

NYSE:MCD traded up $0.5810 during mid-day trading on Friday, reaching $313.8010. The stock had a trading volume of 2,796,655 shares, compared to its average volume of 3,596,743. The firm has a market capitalization of $223.93 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a 50 day simple moving average of $298.77 and a 200 day simple moving average of $305.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 earnings per share. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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 given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MCD shares. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Evercore ISI increased their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Truist Financial increased their target price on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Guggenheim reiterated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Thirteen 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $326.38.

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.