Hall Laurie J Trustee Sells 92 Shares of McDonald’s Co. (NYSE:MCD)

Hall Laurie J Trustee cut its position in McDonald’s Co. (NYSE:MCD) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632 shares of the fast-food giant’s stock after selling 92 shares during the quarter. Hall Laurie J Trustee’s holdings in McDonald’s were worth $161,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Concentric Wealth Management LLC lifted its holdings in McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the last quarter. Mechanics Financial Corp lifted its holdings in McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after buying an additional 36 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of McDonald’s by 1.3% during the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock worth $799,000 after buying an additional 37 shares in the last quarter. Finally, ICW Investment Advisors LLC lifted its holdings in shares of McDonald’s by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 9,548 shares of the fast-food giant’s stock worth $2,831,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.7 %

MCD traded down $1.92 during trading hours on Tuesday, hitting $285.63. The company’s stock had a trading volume of 3,567,918 shares, compared to its average volume of 3,580,024. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm has a market capitalization of $205.85 billion, a PE ratio of 24.25, a PEG ratio of 3.58 and a beta of 0.71. The company has a 50-day simple moving average of $260.01 and a 200 day simple moving average of $270.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $3.17 EPS. Research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal 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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. KeyCorp cut their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Citigroup cut their price target on McDonald’s from $280.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Stifel Nicolaus dropped their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Evercore ISI raised their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $303.71.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following 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 document filed with the SEC, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. Insiders have sold a total of 4,794 shares of company stock valued at $1,234,491 over the last three months. 0.23% of the stock is owned by corporate 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.