Daymark Wealth Partners LLC Sells 4,758 Shares of McDonald's Co. (NYSE:MCD)

Daymark Wealth Partners LLC decreased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,843 shares of the fast-food giant's stock after selling 4,758 shares during the period. McDonald's makes up 1.3% of Daymark Wealth Partners LLC's investment portfolio, making the stock its 19th largest holding. Daymark Wealth Partners LLC's holdings in McDonald's were worth $35,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. increased its stake in shares of McDonald's by 20.7% in the 4th quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant's stock worth $1,300,000 after acquiring an additional 753 shares in the last quarter. Aveo Capital Partners LLC boosted its position in shares of McDonald's by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 240 shares in the last quarter. 9258 Wealth Management LLC grew its stake in shares of McDonald's by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant's stock worth $829,000 after buying an additional 113 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of McDonald's by 99.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant's stock worth $1,722,000 after buying an additional 2,935 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in McDonald's during the 4th quarter valued at approximately $5,190,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In related news, EVP Marion K. Gross sold 1,498 shares of the company's stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares of the company's stock, valued at approximately $14,966,996.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the company's stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold 23,958 shares of company stock valued at $7,032,111 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Stock Performance

Shares of MCD stock traded up $3.18 during mid-day trading on Thursday, reaching $303.65. 1,970,711 shares of the company's stock traded hands, compared to its average volume of 3,442,832. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $304.29. The firm has a 50 day moving average price of $279.90 and a two-hundred day moving average price of $270.89. The firm has a market capitalization of $217.82 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.72.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts' consensus estimates of $3.07 by ($0.10). McDonald's had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same quarter in the previous year, the company earned $3.17 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that McDonald's Co. will post 11.69 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald's's payout ratio is 56.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. Loop Capital reissued a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research note on Tuesday, September 10th. Robert W. Baird increased their price objective on shares of McDonald's from $280.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday. Morgan Stanley decreased their target price on shares of McDonald's from $312.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, July 11th. Truist Financial cut their price target on shares of McDonald's from $300.00 to $295.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. Finally, Evercore ISI raised their price target on shares of McDonald's from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $308.22.

McDonald's Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.