SYM FINANCIAL Corp Sells 250 Shares of McDonald’s Co. (NYSE:MCD)

SYM FINANCIAL Corp trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,056 shares of the fast-food giant’s stock after selling 250 shares during the quarter. SYM FINANCIAL Corp’s holdings in McDonald’s were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC bought a new position in McDonald’s in the fourth quarter worth approximately $31,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s during the 4th quarter worth $38,000. Keener Financial Planning LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on 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 owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders sold 5,593 shares of company stock worth $1,472,518 over the last three months. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Up 0.1 %

Shares of MCD traded up $0.33 during trading hours on Friday, reaching $255.13. 1,585,139 shares of the company traded hands, compared to its average volume of 3,438,469. The firm has a market cap of $183.87 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.82 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The stock’s fifty day moving average price is $258.82 and its 200 day moving average price is $276.71.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Robert W. Baird decreased their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets lowered their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, KeyCorp cut their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $312.11.

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.