McDonald’s Co. (NYSE:MCD) Shares Sold by ORG Partners LLC

ORG Partners LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 88.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 604 shares of the fast-food giant’s stock after selling 4,439 shares during the quarter. ORG Partners LLC’s holdings in McDonald’s were worth $170,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after purchasing an additional 987,099 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of McDonald’s by 552.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock worth $234,729,000 after purchasing an additional 670,261 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America decreased their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a report on Thursday, June 13th. Morgan Stanley decreased their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday. Wedbush decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, The Goldman Sachs Group assumed coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target for the company. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.11.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The stock was 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 approximately $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,593 shares of company stock valued at $1,472,518. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock traded down $0.84 during midday trading on Friday, reaching $253.96. 3,434,599 shares of the company were exchanged, compared to its average volume of 3,452,375. The company has a market capitalization of $183.02 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.82 and a beta of 0.71. The firm’s 50-day simple moving average is $258.82 and its 200-day simple moving average is $276.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

McDonald’s Company 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.