McDonald’s Corporation $MCD Shares Sold by Mariner Investment Group LLC

Mariner Investment Group LLC lessened its position in shares of McDonald’s Corporation (NYSE:MCD) by 95.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the fast-food giant’s stock after selling 28,500 shares during the quarter. Mariner Investment Group LLC’s holdings in McDonald’s were worth $405,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Butensky & Cohen Financial Security Inc. increased its holdings in shares of McDonald’s by 2.5% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 19,429 shares of the fast-food giant’s stock valued at $5,252,000 after acquiring an additional 483 shares during the period. Hudson Value Partners LLC boosted its stake in McDonald’s by 22.1% during the 2nd quarter. Hudson Value Partners LLC now owns 15,790 shares of the fast-food giant’s stock worth $4,268,000 after purchasing an additional 2,862 shares during the period. Whitener Capital Management Inc. boosted its stake in McDonald’s by 1.9% during the 2nd quarter. Whitener Capital Management Inc. now owns 33,453 shares of the fast-food giant’s stock worth $9,043,000 after purchasing an additional 635 shares during the period. Tema ETFs LLC grew its position in McDonald’s by 10.7% during the 2nd quarter. Tema ETFs LLC now owns 14,939 shares of the fast-food giant’s stock worth $4,038,000 after purchasing an additional 1,450 shares during the last quarter. Finally, GenWealth Group Inc. purchased a new position in McDonald’s during the 2nd quarter worth $203,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Erste Group Bank lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research reiterated a “buy” rating and set a $350.00 target price on shares of McDonald’s in a research note on Wednesday, August 5th. Wells Fargo & Company lowered their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their price objective on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,348 shares of company stock worth $2,355,634 in the last quarter. 0.26% of the stock is currently owned by insiders.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Nationwide menu initiatives, including new energy-focused beverages, seven menu additions, and the limited-time Hello Kitty and Godzilla Happy Meal promotion, could support traffic, customer engagement, and comparable-sales growth. McDonald’s serving up new kind of energy boost on menus nationwide
• Positive Sentiment: Some analysts see potential upside toward the mid-$300s if McDonald’s improves U.S. same-store sales and executes its McDonald’s NEXT strategy effectively. The company also continues to benefit from its large franchise and real-estate platform. McDonald’s stock gets fair value trim as analysts split on U.S. execution

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $272.28 on Friday. McDonald’s Corporation has a one year low of $260.96 and a one year high of $341.75. The company has a market cap of $192.68 billion, a P/E ratio of 22.12, a PEG ratio of 3.09 and a beta of 0.41. The firm has a fifty day moving average of $273.95 and a two-hundred day moving average of $295.44.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 512.80%. The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Corporation will post 12.88 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is currently 60.44%.

McDonald’s Company 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.