McDonald’s Co. (NYSE:MCD) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 11.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,608 shares of the fast-food giant’s stock after selling 2,602 shares during the period. Park Avenue Securities LLC’s holdings in McDonald’s were worth $5,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MCD. Olistico Wealth LLC boosted its holdings in shares of McDonald’s by 6.5% during the 2nd quarter. Olistico Wealth LLC now owns 4,107 shares of the fast-food giant’s stock worth $1,047,000 after purchasing an additional 250 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of McDonald’s by 13.8% during the 2nd quarter. Fulton Bank N.A. now owns 10,081 shares of the fast-food giant’s stock worth $2,569,000 after purchasing an additional 1,220 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $75,000. Fragasso Financial Advisors Inc lifted its holdings in McDonald’s by 2.5% in the second quarter. Fragasso Financial Advisors Inc now owns 3,765 shares of the fast-food giant’s stock valued at $959,000 after acquiring an additional 93 shares during the last quarter. Finally, Monterey Private Wealth Inc. lifted its holdings in McDonald’s by 10.8% in the second quarter. Monterey Private Wealth Inc. now owns 1,367 shares of the fast-food giant’s stock valued at $348,000 after acquiring an additional 133 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCD. Citigroup decreased their price objective on McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. BMO Capital Markets decreased their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Jefferies Financial Group decreased their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on 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 owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders sold 5,594 shares of company stock worth $1,454,507 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.3 %

Shares of MCD stock traded down $0.69 on Wednesday, reaching $269.37. 3,473,898 shares of the stock were exchanged, compared to its average volume of 3,605,001. The business’s 50 day moving average price is $256.45 and its 200 day moving average price is $272.25. The company has a market capitalization of $194.13 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $3.17 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.48%. McDonald’s’s dividend payout ratio is presently 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.