McDonald’s Co. (NYSE:MCD) Shares Sold by Investment Management of Virginia LLC

Investment Management of Virginia LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,056 shares of the fast-food giant’s stock after selling 65 shares during the period. Investment Management of Virginia LLC’s holdings in McDonald’s were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MCD. Ironwood Wealth Management LLC. grew its holdings in shares of McDonald’s by 17.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,261 shares of the fast-food giant’s stock valued at $731,000 after purchasing an additional 496 shares in the last quarter. Avidian Wealth Solutions LLC grew its holdings in McDonald’s by 4.9% during the 1st quarter. Avidian Wealth Solutions LLC now owns 4,765 shares of the fast-food giant’s stock worth $1,068,000 after acquiring an additional 222 shares in the last quarter. Lakeview Capital Partners LLC grew its holdings in McDonald’s by 1.9% during the 1st quarter. Lakeview Capital Partners LLC now owns 2,318 shares of the fast-food giant’s stock worth $520,000 after acquiring an additional 43 shares in the last quarter. Adviser Investments LLC grew its holdings in McDonald’s by 26.9% during the 1st quarter. Adviser Investments LLC now owns 28,671 shares of the fast-food giant’s stock worth $6,426,000 after acquiring an additional 6,069 shares in the last quarter. Finally, Strategic Advisors LLC grew its holdings in McDonald’s by 7.1% during the 1st quarter. Strategic Advisors LLC now owns 3,141 shares of the fast-food giant’s stock worth $704,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 66.34% of the company’s stock.

McDonald’s stock traded down $1.35 during mid-day trading on Wednesday, reaching $239.78. The company’s stock had a trading volume of 11,229 shares, compared to its average volume of 2,719,415. The firm has a market cap of $179.07 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.36 and a beta of 0.63. The business has a 50 day moving average price of $237.97 and a 200-day moving average price of $232.04. McDonald’s Co. has a twelve month low of $202.73 and a twelve month high of $247.05.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 27th. The fast-food giant reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.26. The firm had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.63 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 83.98%. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, research analysts expect that McDonald’s Co. will post 9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 31st. McDonald’s’s payout ratio is 85.29%.

In other McDonald’s news, CFO Kevin M. Ozan sold 47,649 shares of the business’s stock in a transaction dated Thursday, July 29th. The shares were sold at an average price of $243.90, for a total value of $11,621,591.10. Following the sale, the chief financial officer now directly owns 32,483 shares in the company, valued at $7,922,603.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Catherine A. Hoovel sold 2,493 shares of the business’s stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $243.45, for a total transaction of $606,920.85. Following the completion of the sale, the senior vice president now owns 3,384 shares in the company, valued at $823,834.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

MCD has been the subject of several recent analyst reports. Argus boosted their price objective on shares of McDonald’s from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Piper Sandler boosted their price objective on shares of McDonald’s from $225.00 to $232.00 and gave the stock a “neutral” rating in a research report on Thursday, July 29th. Barclays boosted their price objective on shares of McDonald’s from $270.00 to $283.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 1st. Robert W. Baird reiterated a “buy” rating on shares of McDonald’s in a research report on Tuesday, August 31st. Finally, Jefferies Financial Group upped their price target on shares of McDonald’s from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Buy” and a consensus target price of $256.72.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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