McDonald’s Corporation $MCD Shares Sold by Kuhn & Co Investment Counsel

Kuhn & Co Investment Counsel lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 48.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,531 shares of the fast-food giant’s stock after selling 2,365 shares during the period. Kuhn & Co Investment Counsel’s holdings in McDonald’s were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MCD. Brighton Jones LLC raised its position in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of McDonald’s by 2.8% during the fourth 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. Balefire LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth about $347,000. Sivia Capital Partners LLC lifted its stake in McDonald’s by 11.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock valued at $589,000 after buying an additional 206 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in McDonald’s by 3.1% in the 2nd quarter. Wedmont Private Capital now owns 7,451 shares of the fast-food giant’s stock worth $2,183,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the transaction, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,407,133. This trade represents a 58.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,142 shares of company stock worth $13,841,169 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Down 0.4%

Shares of NYSE:MCD opened at $307.53 on Friday. McDonald’s Corporation has a 52-week low of $278.73 and a 52-week high of $326.32. The stock has a market cap of $219.01 billion, a P/E ratio of 26.24, a PEG ratio of 3.07 and a beta of 0.53. The business has a fifty day moving average of $308.76 and a two-hundred day moving average of $305.43.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the firm posted $3.23 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $1.86 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend was Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 63.48%.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. KeyCorp increased their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 9th. TD Cowen reissued a “hold” rating and issued a $320.00 price objective on shares of McDonald’s in a research note on Thursday, January 8th. Cowen restated a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Barclays lifted their target price on shares of McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada started coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $328.88.

McDonald’s Profile

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.