McDonald's Corporation $MCD Shares Sold by Defined Financial Planning LLC

Key Points

• Defined Financial Planning LLC has reduced its holdings in McDonald's Corporation by 39.5%, selling 935 shares during the second quarter, leaving them with 1,430 shares valued at $428,000.
• McDonald's reported $3.19 earnings per share for the last quarter, surpassing estimates, with revenues of $6.84 billion, a year-over-year increase of 5.4%.
• The company declared a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08, with a dividend yield of 2.4%.

Defined Financial Planning LLC cut its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 39.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,430 shares of the fast-food giant's stock after selling 935 shares during the quarter. Defined Financial Planning LLC's holdings in McDonald's were worth $428,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. HFM Investment Advisors LLC acquired a new position in McDonald's in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald's in the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in shares of McDonald's in the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald's during the first quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald's during the first quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD opened at $296.09 on Tuesday. The firm has a market capitalization of $211.29 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. The business's 50 day simple moving average is $306.87 and its 200-day simple moving average is $306.09. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $2.97 EPS. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction dated 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 transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Citigroup increased their price target on shares of McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. 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 note on Friday, August 22nd. Finally, Piper Sandler raised their price target on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $325.86.

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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