Royal Capital Wealth Management LLC Sells 1,330 Shares of McDonald's Corporation $MCD

Key Points

• Royal Capital Wealth Management LLC has decreased its stake in McDonald's Corporation by 17.1%, now holding 6,461 shares valued at approximately $2,018,000.
• Several hedge funds, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their holdings, with 70.29% of McDonald's stock currently owned by institutional investors.
• McDonald's recently announced a quarterly dividend of $1.77 per share, indicating a 2.3% dividend yield and a dividend payout ratio of 60.67%.

Royal Capital Wealth Management LLC cut its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,461 shares of the fast-food giant's stock after selling 1,330 shares during the quarter. McDonald's makes up approximately 1.4% of Royal Capital Wealth Management LLC's investment portfolio, making the stock its 19th largest holding. Royal Capital Wealth Management LLC's holdings in McDonald's were worth $2,018,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in 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 buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC increased its position in McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in McDonald's by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC boosted its position in McDonald's by 0.9% during the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares during the period. Finally, Triumph Capital Management acquired a new stake in McDonald's during the 4th quarter worth approximately $331,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's 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 transaction, the chief marketing officer owned 6,858 shares of the company's stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock worth $2,544,327 over the last 90 days. 0.25% of the stock is owned by company insiders.

McDonald's Stock Performance

Shares of NYSE MCD traded up $2.38 during mid-day trading on Thursday, hitting $308.32. The stock had a trading volume of 2,758,508 shares, compared to its average volume of 3,547,330. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business has a 50 day moving average price of $304.80 and a two-hundred day moving average price of $306.60. The firm has a market cap of $220.02 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 3.18 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 earnings per share. Equities research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

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

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Bank of America dropped their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Guggenheim reiterated a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Barclays increased their target price on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Melius assumed coverage on shares of McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average price target of $325.14.

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.