McDonald's Corporation (NYSE:MCD) Shares Sold by Acima Private Wealth LLC

Key Points

• Acima Private Wealth LLC has reduced its shares in McDonald's by 27.7% during the first quarter, now holding 3,129 shares valued at approximately $977,000.
• Multiple institutional investors, including Capital Research and Northern Trust Corp, have increased their stakes in McDonald's, indicating continuing institutional interest in the company.
• McDonald's announced a quarterly dividend of $1.77 per share, with an annualized yield of 2.3%, to be paid on September 16th.

Acima Private Wealth LLC reduced its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 27.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,129 shares of the fast-food giant's stock after selling 1,200 shares during the quarter. Acima Private Wealth LLC's holdings in McDonald's were worth $977,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after buying an additional 52 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of McDonald's by 15.3% during 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 buying an additional 27,774 shares during the last quarter. GHE LLC increased its position in shares of McDonald's by 0.9% in the 4th 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 during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of McDonald's by 6.4% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,201 shares of the fast-food giant's stock valued at $1,218,000 after acquiring an additional 254 shares during the period. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCD. 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 report on Monday, July 14th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average target price of $326.00.

McDonald's Stock Performance

Shares of NYSE MCD traded up $0.24 during mid-day trading on Thursday, reaching $307.90. The company's stock had a trading volume of 3,600,765 shares, compared to its average volume of 3,770,135. The stock has a market capitalization of $220.16 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.22 and a beta of 0.52. McDonald's Corporation has a 1-year low of $265.33 and a 1-year high of $326.32. The stock has a 50-day moving average of $298.73 and a two-hundred day moving average of $304.17.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 206.70%. The business's revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. Analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

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

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 976 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the sale, the chief marketing officer owned 7,882 shares of the company's stock, valued at $2,392,187. This represents a 11.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock worth $2,215,178 in the last three months. 0.25% of the stock is owned by corporate insiders.

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.