SeaCrest Wealth Management LLC Sells 161 Shares of McDonald’s Co. (NYSE:MCD)

SeaCrest Wealth Management LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,498 shares of the fast-food giant’s stock after selling 161 shares during the period. SeaCrest Wealth Management LLC’s holdings in McDonald’s were worth $1,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Perpetual Ltd purchased a new position in McDonald’s during the 1st quarter valued at approximately $237,000. Walker Asset Management LLC grew its holdings in shares of McDonald’s by 4.7% in the first quarter. Walker Asset Management LLC now owns 1,053 shares of the fast-food giant’s stock valued at $297,000 after purchasing an additional 47 shares in the last quarter. Wedmont Private Capital increased its position in McDonald’s by 6.5% in the first quarter. Wedmont Private Capital now owns 5,818 shares of the fast-food giant’s stock worth $1,567,000 after purchasing an additional 353 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in McDonald’s by 2.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,322 shares of the fast-food giant’s stock valued at $3,192,000 after purchasing an additional 297 shares in the last quarter. Finally, Lantz Financial LLC lifted its position in McDonald’s by 2.9% during the first quarter. Lantz Financial LLC now owns 5,072 shares of the fast-food giant’s stock valued at $1,430,000 after purchasing an additional 141 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $312.93 on Thursday. The stock has a market cap of $225.52 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 4.05 and a beta of 0.73. The firm’s 50-day moving average is $292.77 and its two-hundred day moving average is $273.19. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $315.36.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.17 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial boosted their price objective on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays cut their target price on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $315.69.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,097 shares of company stock worth $10,221,233 in the last three months. 0.23% of the stock is owned by insiders.

About McDonald’s

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.