Pathway Financial Advisors LLC Decreases Stock Position in McDonald's Corporation $MCD

Key Points

• Pathway Financial Advisors LLC reduced its stake in McDonald's by 48.1%, owning 1,020 shares worth $298,000 after selling 947 shares in the 2nd quarter.
• During the same period, several institutional investors increased their holdings in McDonald's, with First American Trust FSB raising its stake by 55.9%.
• McDonald's reported quarterly earnings of $3.19 per share, above the expected $3.15, with revenues of $6.84 billion for the quarter, marking a 5.4% increase year over year.

Pathway Financial Advisors LLC lessened its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 48.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,020 shares of the fast-food giant's stock after selling 947 shares during the period. Pathway Financial Advisors LLC's holdings in McDonald's were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. First American Trust FSB increased its stake in McDonald's by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after purchasing an additional 13,234 shares during the period. Banque Transatlantique SA increased its stake in McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock worth $71,829,000 after purchasing an additional 91,313 shares during the period. Hamilton Capital LLC increased its stake in McDonald's by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock worth $982,000 after purchasing an additional 819 shares during the period. Red Door Wealth Management LLC increased its stake in McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after purchasing an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after purchasing an additional 18,393 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 1.1%

Shares of McDonald's stock opened at $297.07 on Monday. The firm has a market cap of $211.99 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock's fifty day moving average price is $306.31 and its 200-day moving average price is $305.69.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the company earned $2.97 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors 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 dividend on an annualized basis and a yield of 2.4%. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. 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. TD Cowen increased their target price on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Morgan Stanley increased their target price on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price target on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. 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 research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $325.18.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm'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 sale, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 in the last three months. 0.25% of the stock is owned by company insiders.

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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