180 Wealth Advisors LLC Lowers Stake in McDonald’s Co. (NYSE:MCD)

180 Wealth Advisors LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,365 shares of the fast-food giant’s stock after selling 66 shares during the quarter. 180 Wealth Advisors LLC’s holdings in McDonald’s were worth $697,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. Moneta Group Investment Advisors LLC increased its holdings in McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Norges Bank bought a new stake in shares of McDonald’s in the fourth quarter valued at about $2,341,360,000. Arrowstreet Capital Limited Partnership lifted its stake in McDonald’s by 1,189.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after acquiring an additional 2,021,754 shares during the period. Two Sigma Advisers LP grew its holdings in McDonald’s by 610.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,573,100 shares of the fast-food giant’s stock worth $414,559,000 after acquiring an additional 1,351,700 shares in the last quarter. Finally, Amundi increased its position in McDonald’s by 64.1% during the 4th quarter. Amundi now owns 2,663,063 shares of the fast-food giant’s stock valued at $715,858,000 after purchasing an additional 1,039,816 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $289.52, for a total transaction of $868,560.00. Following the transaction, the executive vice president now owns 1,605 shares of the company’s stock, valued at $464,679.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the sale, the insider now owns 12,038 shares of the company’s stock, valued at approximately $3,507,271.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $289.52, for a total value of $868,560.00. Following the completion of the transaction, the executive vice president now owns 1,605 shares of the company’s stock, valued at $464,679.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,149 shares of company stock valued at $5,257,201. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. Tigress Financial increased their price objective on shares of McDonald’s from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Royal Bank of Canada lifted their price target on McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Oppenheimer upped their price objective on McDonald’s from $315.00 to $330.00 in a research note on Friday, July 28th. Loop Capital lifted their target price on McDonald’s from $346.00 to $383.00 in a research note on Friday, July 28th. Finally, Guggenheim boosted their target price on shares of McDonald’s from $325.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $323.17.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $277.71 on Tuesday. The stock has a market capitalization of $202.38 billion, a P/E ratio of 25.55, a PEG ratio of 2.71 and a beta of 0.64. The business has a 50 day simple moving average of $287.27 and a two-hundred day simple moving average of $286.22. McDonald’s Co. has a 12 month low of $230.58 and a 12 month high of $299.35.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.40. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.55 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were given a $1.52 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.19%. McDonald’s’s dividend payout ratio (DPR) is presently 55.93%.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.