McDonald’s Corporation (MCD) Shares Sold by Opus Investment Management Inc.

Opus Investment Management Inc. cut its stake in McDonald’s Corporation (NYSE:MCD) by 17.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,600 shares of the fast-food giant’s stock after selling 3,100 shares during the period. Opus Investment Management Inc.’s holdings in McDonald’s Corporation were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MCD. Waldron LP purchased a new position in McDonald’s Corporation in the first quarter valued at about $260,000. Acadian Asset Management LLC increased its stake in shares of McDonald’s Corporation by 4.3% during the 1st quarter. Acadian Asset Management LLC now owns 741,714 shares of the fast-food giant’s stock worth $96,137,000 after purchasing an additional 30,377 shares in the last quarter. Headinvest LLC increased its stake in shares of McDonald’s Corporation by 19.2% during the 1st quarter. Headinvest LLC now owns 3,291 shares of the fast-food giant’s stock worth $427,000 after purchasing an additional 530 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of McDonald’s Corporation by 7.4% during the 1st quarter. Sit Investment Associates Inc. now owns 2,975 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 204 shares in the last quarter. Finally, Mycio Wealth Partners LLC increased its stake in shares of McDonald’s Corporation by 19.6% during the 1st quarter. Mycio Wealth Partners LLC now owns 2,963 shares of the fast-food giant’s stock worth $384,000 after purchasing an additional 485 shares in the last quarter. 67.92% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on MCD. Royal Bank Of Canada set a $175.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Robert W. Baird reissued an “outperform” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research note on Tuesday, October 3rd. Finally, Bank of America Corporation reissued a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $166.41.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 160.58 on Wednesday. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72. The stock has a market capitalization of $130.07 billion, a PE ratio of 26.29 and a beta of 0.69. The firm has a 50-day moving average of $158.27 and a 200 day moving average of $150.26.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Corporation will post $6.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s payout ratio is currently 61.54%.

In other news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now owns 7,318 shares in the company, valued at $1,130,191.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 in the last 90 days. 0.24% of the stock is owned by company insiders.

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About McDonald’s Corporation

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 Corporation (NYSE:MCD)

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