Quintet Private Bank Europe S.A. Sells 2,594 Shares of McDonald’s Co. (NYSE:MCD)

Quintet Private Bank Europe S.A. lowered its position in McDonald’s Co. (NYSE:MCD) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,446 shares of the fast-food giant’s stock after selling 2,594 shares during the quarter. McDonald’s comprises approximately 1.1% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 27th largest holding. Quintet Private Bank Europe S.A.’s holdings in McDonald’s were worth $17,626,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCD. Signature Resources Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter worth $31,000. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s in the third quarter worth $33,000. Clear Investment Research LLC purchased a new position in McDonald’s in the fourth quarter worth $38,000. Keener Financial Planning LLC purchased a new position in McDonald’s in the fourth quarter worth $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald’s in the fourth quarter worth $39,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 4,096 shares of company stock valued at $1,127,678 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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 report on Wednesday, May 1st. BMO Capital Markets cut their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. TD Cowen reiterated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research report on Thursday. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, The Goldman Sachs Group started coverage on shares of McDonald’s in a research report on Thursday. 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 given a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Price Performance

MCD stock traded down $0.12 during trading on Friday, reaching $253.58. The company had a trading volume of 2,806,560 shares, compared to its average volume of 3,355,420. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a market cap of $182.75 billion, a P/E ratio of 21.53, a PEG ratio of 2.86 and a beta of 0.71. The business has a 50 day moving average of $265.90 and a 200 day moving average of $281.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (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 during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the company earned $2.63 earnings per share. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be 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 is Monday, June 3rd. McDonald’s’s payout ratio is currently 56.71%.

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.