McDonald’s Corporation (NYSE:MCD) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,096 shares of the fast-food giant’s stock after selling 5,753 shares during the period. Wesbanco Bank Inc.’s holdings in McDonald’s were worth $7,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of McDonald’s by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of McDonald’s by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of McDonald’s by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares in the last quarter. Valmark Advisers Inc. raised its stake in shares of McDonald’s by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after acquiring an additional 8 shares in the last quarter. Finally, Allen Investment Management LLC increased its position in McDonald’s by 0.5% in the 2nd quarter. Allen Investment Management LLC now owns 1,725 shares of the fast-food giant’s stock worth $264,000 after buying an additional 9 shares during the period. 67.40% of the stock is owned by institutional investors.

In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

McDonald’s Corporation (NYSE:MCD) traded down $0.57 during trading hours on Thursday, reaching $172.91. The company’s stock had a trading volume of 2,283,465 shares, compared to its average volume of 3,466,375. McDonald’s Corporation has a 1 year low of $118.18 and a 1 year high of $174.44. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The firm has a market capitalization of $139,980.00, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. equities analysts expect that McDonald’s Corporation will post 6.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $1.01 per share. This is a boost from McDonald’s’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio is currently 58.30%.

Several brokerages have commented on MCD. Bank of America reaffirmed a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a research report on Monday, August 14th. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 price target on shares of McDonald’s in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a research report on Friday, September 8th. Zacks Investment Research downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Jefferies Group raised McDonald’s from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $200.00 in a report on Tuesday. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $173.95.

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McDonald’s Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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