McDonald's Corporation $MCD Shares Sold by Iron Gate Global Advisors LLC

Key Points

• Iron Gate Global Advisors LLC reduced its stake in McDonald's Corporation by 41.1%, selling 2,422 shares and lowering its holdings to 3,471 shares.
• Several institutional investors have increased their positions, with BOS Asset Management LLC raising its holdings by 8.9% and MBL Wealth LLC increasing theirs by 70.9%.
• McDonald's recently announced a quarterly dividend of $1.77 per share, reflecting a 2.3% yield on an annualized basis.

Iron Gate Global Advisors LLC cut its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,471 shares of the fast-food giant's stock after selling 2,422 shares during the quarter. Iron Gate Global Advisors LLC's holdings in McDonald's were worth $1,084,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOS Asset Management LLC raised its holdings in McDonald's by 8.9% during the first quarter. BOS Asset Management LLC now owns 1,839 shares of the fast-food giant's stock worth $574,000 after purchasing an additional 150 shares during the last quarter. MBL Wealth LLC raised its holdings in shares of McDonald's by 70.9% in the first quarter. MBL Wealth LLC now owns 1,918 shares of the fast-food giant's stock worth $599,000 after acquiring an additional 796 shares during the last quarter. McAdam LLC raised its holdings in shares of McDonald's by 7.1% in the first quarter. McAdam LLC now owns 2,319 shares of the fast-food giant's stock worth $724,000 after acquiring an additional 153 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of McDonald's by 5.0% in the first quarter. Geneos Wealth Management Inc. now owns 13,206 shares of the fast-food giant's stock worth $4,125,000 after acquiring an additional 634 shares during the last quarter. Finally, Acorns Advisers LLC raised its holdings in shares of McDonald's by 14.4% in the first quarter. Acorns Advisers LLC now owns 1,219 shares of the fast-food giant's stock worth $381,000 after acquiring an additional 153 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen boosted their price target on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. BMO Capital Markets boosted their price target on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Barclays boosted their price target on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Melius assumed coverage on McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $325.14.

McDonald's Trading Down 2.0%

McDonald's stock opened at $306.17 on Thursday. The firm has a market capitalization of $218.48 billion, a P/E ratio of 26.24, a PEG ratio of 3.18 and a beta of 0.50. The stock has a fifty day moving average price of $304.80 and a 200 day moving average price of $306.60. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS 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 analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.97 earnings per share. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is currently 60.67%.

Insider Transactions at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company's stock, 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 ninety days, insiders have sold 8,341 shares of company stock valued at $2,544,327. Insiders own 0.25% of the company's stock.

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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