McDonald’s Co. (NYSE:MCD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,931 shares of the fast-food giant’s stock after selling 207 shares during the period. Foster & Motley Inc.’s holdings in McDonald’s were worth $1,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meridian Wealth Advisors LLC raised its holdings in shares of McDonald’s by 0.9% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 4,538 shares of the fast-food giant’s stock valued at $1,157,000 after buying an additional 41 shares during the period. Mayflower Financial Advisors LLC boosted its stake in shares of McDonald’s by 2.2% in the second quarter. Mayflower Financial Advisors LLC now owns 4,735 shares of the fast-food giant’s stock valued at $1,207,000 after purchasing an additional 104 shares during the period. Range Financial Group LLC grew its holdings in McDonald’s by 126.3% during the 2nd quarter. Range Financial Group LLC now owns 9,349 shares of the fast-food giant’s stock valued at $2,382,000 after purchasing an additional 5,218 shares in the last quarter. Mattern Capital Management LLC increased its stake in McDonald’s by 2.5% during the 2nd quarter. Mattern Capital Management LLC now owns 29,319 shares of the fast-food giant’s stock worth $7,472,000 after buying an additional 703 shares during the period. Finally, Stablepoint Partners LLC lifted its holdings in McDonald’s by 9.6% in the 2nd quarter. Stablepoint Partners LLC now owns 21,365 shares of the fast-food giant’s stock worth $5,585,000 after buying an additional 1,879 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.0 %

Shares of NYSE:MCD opened at $287.93 on Friday. The firm’s 50 day moving average is $267.95 and its two-hundred day moving average is $270.93. The firm has a market capitalization of $207.51 billion, a P/E ratio of 24.44, a PEG ratio of 3.86 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 posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the business earned $3.17 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MCD shares. Guggenheim raised their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Evercore ISI lifted their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. BMO Capital Markets reduced their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Loop Capital decreased their price target on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Barclays cut their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.89.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s 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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’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 completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

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.