McDonald's Corporation $MCD Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in McDonald's Corporation by 52.2%, selling 1,863 shares and holding a total of 1,704 shares valued at $532,000.
• Insider selling activity included CMO Edith Morgan Flatley who sold 976 shares at an average price of $303.50 and EVP Desiree Ralls-Morrison selling 2,487 shares at $310.00.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding estimates, with a net margin of 32.21% and a revenue increase of 5.4% year-over-year.

Jump Financial LLC lowered its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 52.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,704 shares of the fast-food giant's stock after selling 1,863 shares during the quarter. Jump Financial LLC's holdings in McDonald's were worth $532,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MCD. Nuveen LLC acquired a new position in McDonald's in the first quarter valued at about $1,324,961,000. GAMMA Investing LLC lifted its position in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in McDonald's by 16.8% in the first 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 buying an additional 1,344,954 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in McDonald's in the fourth quarter valued at about $350,935,000. Finally, Goldman Sachs Group Inc. lifted its position in McDonald's by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after buying an additional 815,768 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Up 0.2%

MCD traded up $0.72 on Thursday, reaching $317.11. The company's stock had a trading volume of 1,620,159 shares, compared to its average volume of 3,561,992. The stock has a 50 day moving average of $302.79 and a two-hundred day moving average of $306.33. The company has a market capitalization of $226.29 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.19 and a beta of 0.50. 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 announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (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 negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 earnings per share. As a group, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at $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 sold a total of 8,341 shares of company stock valued at $2,544,327 over the last ninety days. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on MCD. Evercore ISI upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research note on Thursday, July 10th. Piper Sandler boosted their price target on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Barclays boosted their price target on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average price target of $325.35.

About McDonald's

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.