Revolve Wealth Partners LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Revolve Wealth Partners LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,859 shares of the fast-food giant’s stock after selling 40 shares during the quarter. Revolve Wealth Partners LLC’s holdings in McDonald’s were worth $474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s during the 1st quarter valued at about $28,000. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at about $31,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC bought a new stake in McDonald’s during the 4th quarter valued at $39,000. Finally, Accent Capital Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $44,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD stock traded up $3.62 during midday trading on Friday, reaching $278.49. 3,286,217 shares of the company were exchanged, compared to its average volume of 3,568,595. The company has a market cap of $200.70 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The stock’s 50-day simple moving average is $258.71 and its 200 day simple moving average is $271.02.

McDonald’s (NYSE:MCD) last announced its quarterly 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 negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion for 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. McDonald’s’s revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Jefferies Financial Group cut their price target on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Monday, July 29th. Guggenheim raised their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America dropped their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. 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 equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold 4,794 shares of company stock worth $1,234,491 in the last quarter. 0.23% of the stock is owned by insiders.

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.