Regal Investment Advisors LLC trimmed its position in McDonald’s Corporation (NYSE:MCD) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,107 shares of the fast-food giant’s stock after selling 3,036 shares during the quarter. McDonald’s accounts for 1.2% of Regal Investment Advisors LLC’s portfolio, making the stock its 17th largest position. Regal Investment Advisors LLC’s holdings in McDonald’s were worth $4,918,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV raised its stake in McDonald’s by 32.1% during the second quarter. Nations Financial Group Inc. IA ADV now owns 2,470 shares of the fast-food giant’s stock worth $378,000 after acquiring an additional 600 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in McDonald’s during the second quarter worth $322,000. Baillie Gifford & Co. raised its stake in McDonald’s by 2.0% during the second quarter. Baillie Gifford & Co. now owns 143,541 shares of the fast-food giant’s stock worth $21,985,000 after acquiring an additional 2,857 shares in the last quarter. Jackson Wealth Management LLC raised its stake in McDonald’s by 5.2% during the second quarter. Jackson Wealth Management LLC now owns 15,519 shares of the fast-food giant’s stock worth $2,391,000 after acquiring an additional 770 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in McDonald’s by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares in the last quarter. Institutional investors and hedge funds own 67.40% of the company’s stock.
In other McDonald’s news, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now 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 is available at this link. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. McDonald’s had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. sell-side analysts expect that McDonald’s Corporation will post 6.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $1.01 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio is presently 58.30%.
MCD has been the subject of several recent analyst reports. Bank of America reiterated a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a research note on Monday, August 14th. BidaskClub upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Robert W. Baird reiterated a “buy” rating and set a $170.00 price objective on shares of McDonald’s in a research note on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $175.00 price objective on shares of McDonald’s in a research note on Friday, September 8th. Finally, Mizuho reiterated a “buy” rating and set a $173.00 price objective (up from $170.00) on shares of McDonald’s in a research note on Wednesday, September 13th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $173.95.
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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.
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