Stonehage Fleming Financial Services Holdings Ltd Sells 11,369 Shares of McDonald's Corporation $MCD

Key Points

• Stonehage Fleming Financial Services Holdings Ltd has reduced its stake in McDonald's Corporation by 2.7%, selling 11,369 shares, which now accounts for approximately 3.4% of their holdings.
• McDonald's reported earnings of $3.19 per share, surpassing analyst estimates of $3.15, with revenue of $6.84 billion for the quarter, marking a 5.4% year-over-year increase.
• The company announced a quarterly dividend of $1.77 per share, with an annualized dividend yield of 2.4% and a dividend payout ratio of 60.67%.

Stonehage Fleming Financial Services Holdings Ltd lessened its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 403,995 shares of the fast-food giant's stock after selling 11,369 shares during the period. McDonald's accounts for approximately 3.4% of Stonehage Fleming Financial Services Holdings Ltd's holdings, making the stock its 15th biggest position. Stonehage Fleming Financial Services Holdings Ltd owned 0.06% of McDonald's worth $118,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Apollon Wealth Management LLC boosted its holdings in shares of McDonald's by 2.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 54,647 shares of the fast-food giant's stock valued at $15,966,000 after purchasing an additional 1,448 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of McDonald's by 6.8% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 27,049 shares of the fast-food giant's stock valued at $7,903,000 after acquiring an additional 1,732 shares during the last quarter. Natural Investments LLC lifted its holdings in shares of McDonald's by 7.6% in the 2nd quarter. Natural Investments LLC now owns 1,424 shares of the fast-food giant's stock valued at $416,000 after acquiring an additional 101 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of McDonald's by 1.2% in the 2nd quarter. Richardson Financial Services Inc. now owns 3,219 shares of the fast-food giant's stock valued at $958,000 after acquiring an additional 37 shares during the last quarter. Finally, IRON Financial LLC lifted its holdings in shares of McDonald's by 1.2% in the 2nd quarter. IRON Financial LLC now owns 3,586 shares of the fast-food giant's stock valued at $1,048,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

McDonald's stock opened at $297.07 on Friday. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a market capitalization of $211.99 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50. The company's 50-day moving average is $306.31 and its 200 day moving average is $305.74.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the company posted $2.97 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders 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 dividend yield of 2.4%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. KeyCorp reaffirmed an "overweight" rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Royal Bank Of Canada initiated coverage on shares of McDonald's in a report on Wednesday. They issued a "sector perform" rating and a $320.00 price target for the company. Stifel Nicolaus increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. Melius initiated coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. Finally, Barclays increased their price target 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. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $325.18.

Insider Activity at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated 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 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. In the last three months, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is owned by insiders.

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.

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