Gould Asset Management LLC CA Sells 160 Shares of McDonald’s Co. (NYSE:MCD)

Gould Asset Management LLC CA lowered its stake in McDonald’s Co. (NYSE:MCD) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,050 shares of the fast-food giant’s stock after selling 160 shares during the quarter. Gould Asset Management LLC CA’s holdings in McDonald’s were worth $904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC raised its holdings in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s during the third quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $39,000. Bear Mountain Capital Inc. bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC bought a new position in McDonald’s in the third quarter worth $45,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Royal Bank of Canada cut their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Morgan Stanley cut their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Stock Down 0.4 %

MCD traded down $1.15 during trading on Thursday, reaching $275.60. The company had a trading volume of 4,175,333 shares, compared to its average volume of 3,266,706. The stock has a market cap of $198.71 billion, a P/E ratio of 23.82, a PEG ratio of 3.02 and a beta of 0.71. The business has a 50 day simple moving average of $282.06 and a 200-day simple moving average of $281.37. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company earned $2.59 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. McDonald’s’s dividend payout ratio is currently 57.74%.

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.