Wilmington Savings Fund Society FSB Sells 11,824 Shares of McDonald's Corporation $MCD

Key Points

• Wilmington Savings Fund Society FSB reduced its McDonald's stake by 16.2% in Q3, selling 11,824 shares and finishing the quarter with 61,012 shares valued at about $18.54 million.
• Company insiders have been net sellers: EVP Jonathan Banner sold 6,201 shares and CEO Christopher J. Kempczinski sold 26,276 shares, with insiders offloading 71,657 shares (≈$23.7M) over the past 90 days.
• Fundamentals and market view: McDonald's beat quarterly estimates (EPS $3.12 vs. $3.05; revenue $7.01B vs. $6.81B), pays a $1.86 quarterly dividend ($7.44 annual, ~2.3% yield), and carries a MarketBeat consensus "Hold" with a $339.69 price target.

Wilmington Savings Fund Society FSB decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,012 shares of the fast-food giant's stock after selling 11,824 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in McDonald's were worth $18,541,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MCD. WD Rutherford LLC grew its stake in shares of McDonald's by 1.0% in the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant's stock worth $991,000 after acquiring an additional 33 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of McDonald's by 1.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant's stock worth $736,000 after acquiring an additional 34 shares during the last quarter. Symmetry Partners LLC increased its position in McDonald's by 2.0% during the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant's stock worth $538,000 after acquiring an additional 34 shares during the period. Jackson Hole Capital Partners LLC raised its stake in McDonald's by 0.3% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant's stock valued at $3,352,000 after purchasing an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC raised its stake in McDonald's by 2.1% during the 3rd quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant's stock valued at $507,000 after purchasing an additional 34 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 6,201 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the sale, the executive vice president directly owned 2,291 shares in the company, valued at approximately $763,567.39. This represents a 73.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 26,276 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $333.54, for a total value of $8,764,097.04. Following the completion of the transaction, the chief executive officer directly owned 22,900 shares of the company's stock, valued at approximately $7,638,066. The trade was a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,657 shares of company stock valued at $23,722,204 over the last ninety days. Company insiders own 0.25% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock opened at $326.38 on Wednesday. The firm has a fifty day moving average of $321.29 and a 200-day moving average of $311.70. The stock has a market cap of $231.86 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 2.90 and a beta of 0.51. McDonald's Corporation has a 52-week low of $283.47 and a 52-week high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.07. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.81 billion. McDonald's had a net margin of 31.85% and a negative return on equity of 343.90%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.83 EPS. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald's's payout ratio is presently 62.26%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCD. JPMorgan Chase & Co. raised their price target on shares of McDonald's from $305.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 24th. Royal Bank Of Canada increased their target price on shares of McDonald's from $320.00 to $330.00 and gave the company a "sector perform" rating in a research note on Thursday, February 12th. Weiss Ratings reissued a "buy (b-)" rating on shares of McDonald's in a research report on Wednesday, January 28th. Piper Sandler boosted their price target on McDonald's from $323.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $340.00 price target on shares of McDonald's in a report on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $339.69.

About McDonald's

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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