McDonald's Corporation $MCD Shares Sold by Hubbell Strickland Wealth Management LLC

Key Points

• Hubbell Strickland Wealth Management LLC reduced its stake in McDonald's Corporation by 26.9%, selling 2,192 shares, making McDonald's about 0.8% of their portfolio.
• Several institutional investors, including Vanguard and Price T Rowe Associates, have recently increased their holdings in McDonald's, indicating ongoing institutional interest in the company's shares.
• McDonald's declared a quarterly dividend of $1.77 per share, reflecting a 2.4% yield and a payout ratio of 60.67%.

Hubbell Strickland Wealth Management LLC lessened its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 26.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,946 shares of the fast-food giant's stock after selling 2,192 shares during the quarter. McDonald's comprises approximately 0.8% of Hubbell Strickland Wealth Management LLC's portfolio, making the stock its 19th largest position. Hubbell Strickland Wealth Management LLC's holdings in McDonald's were worth $1,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of McDonald's by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock valued at $21,993,689,000 after acquiring an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in McDonald's by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp boosted its position in shares of McDonald's by 1.1% during the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after buying an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of McDonald's by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant's stock worth $1,606,354,000 after buying an additional 123,454 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of McDonald's by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after buying an additional 815,768 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. Weiss Ratings restated a "buy (b)" rating on shares of McDonald's in a report on Saturday, September 27th. Morgan Stanley increased their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Finally, Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average target price of $325.86.

Insider Transactions at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% 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, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The stock was 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. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Trading Up 0.3%

MCD stock opened at $300.72 on Friday. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company's 50 day moving average is $306.93 and its two-hundred day moving average is $306.16. The stock has a market cap of $214.59 billion, a P/E ratio of 25.77, a PEG ratio of 3.07 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results 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. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm posted $2.97 EPS. The company's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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