Bradley Foster & Sargent Inc. CT Sells 3,293 Shares of McDonald’s Co. (NYSE:MCD)

Bradley Foster & Sargent Inc. CT cut its position in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,771 shares of the fast-food giant’s stock after selling 3,293 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in McDonald’s were worth $44,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Financial & Tax Architects LLC boosted its position in shares of McDonald’s by 11.5% during the second quarter. Financial & Tax Architects LLC now owns 22,136 shares of the fast-food giant’s stock valued at $5,641,000 after purchasing an additional 2,287 shares in the last quarter. Perennial Investment Advisors LLC boosted its position in shares of McDonald’s by 5.9% during the second quarter. Perennial Investment Advisors LLC now owns 1,555 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 86 shares in the last quarter. Alpha Family Trust boosted its position in shares of McDonald’s by 17.4% during the second quarter. Alpha Family Trust now owns 1,650 shares of the fast-food giant’s stock valued at $420,000 after purchasing an additional 245 shares in the last quarter. Frisch Financial Group Inc. boosted its holdings in McDonald’s by 52.0% in the second quarter. Frisch Financial Group Inc. now owns 4,780 shares of the fast-food giant’s stock worth $1,218,000 after acquiring an additional 1,635 shares in the last quarter. Finally, Hill Island Financial LLC boosted its holdings in McDonald’s by 7.6% in the second quarter. Hill Island Financial LLC now owns 3,309 shares of the fast-food giant’s stock worth $843,000 after acquiring an additional 233 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 6,291 shares of company stock valued at $1,689,073 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MCD shares. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Bank of America dropped their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays decreased their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.11.

McDonald’s Stock Down 1.0 %

Shares of MCD opened at $293.73 on Wednesday. The business has a 50-day simple moving average of $274.83 and a two-hundred day simple moving average of $270.53. The stock has a market cap of $211.69 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) 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). The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.17 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.