Richelieu Gestion SA Cuts Stake in McDonald’s Co. (NYSE:MCD)

Richelieu Gestion SA lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,700 shares of the fast-food giant’s stock after selling 927 shares during the period. Richelieu Gestion SA’s holdings in McDonald’s were worth $2,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. NewSquare Capital LLC grew its stake in shares of McDonald’s by 18.5% during the first quarter. NewSquare Capital LLC now owns 218 shares of the fast-food giant’s stock valued at $61,000 after acquiring an additional 34 shares in the last quarter. Ellevest Inc. boosted its holdings in McDonald’s by 2.4% in the first quarter. Ellevest Inc. now owns 1,436 shares of the fast-food giant’s stock valued at $402,000 after purchasing an additional 34 shares during the last quarter. Bremer Bank National Association grew its stake in McDonald’s by 0.4% during the 1st quarter. Bremer Bank National Association now owns 8,385 shares of the fast-food giant’s stock valued at $2,345,000 after purchasing an additional 35 shares in the last quarter. Day & Ennis LLC increased its holdings in McDonald’s by 1.7% during the 1st quarter. Day & Ennis LLC now owns 2,082 shares of the fast-food giant’s stock worth $582,000 after purchasing an additional 35 shares during the last quarter. Finally, MTM Investment Management LLC boosted its stake in shares of McDonald’s by 3.2% during the 1st quarter. MTM Investment Management LLC now owns 1,135 shares of the fast-food giant’s stock valued at $317,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stephens restated an “overweight” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Thursday, July 27th. Wedbush reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Friday, July 28th. Citigroup increased their price target on shares of McDonald’s from $308.00 to $317.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Barclays boosted their price objective on McDonald’s from $330.00 to $345.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, Royal Bank of Canada lifted their target price on McDonald’s from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Price Performance

MCD opened at $277.71 on Tuesday. The business has a 50 day moving average price of $287.27 and a two-hundred day moving average price of $286.22. The company has a market capitalization of $202.38 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64. McDonald’s Co. has a 1-year low of $230.58 and a 1-year high of $299.35.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were paid a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, August 31st. McDonald’s’s dividend payout ratio is currently 55.93%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $285.00, for a total transaction of $285,000.00. Following the transaction, the chief marketing officer now directly owns 929 shares in the company, valued at approximately $264,765. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at approximately $3,399,292.44. The disclosure for this sale can be found here. Insiders have sold a total of 18,149 shares of company stock valued at $5,257,201 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

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.