GYL Financial Synergies LLC Acquires 68 Shares of McDonald’s Co. (NYSE:MCD)

GYL Financial Synergies LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,040 shares of the fast-food giant’s stock after acquiring an additional 68 shares during the period. GYL Financial Synergies LLC’s holdings in McDonald’s were worth $775,000 as of its most recent SEC filing.

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

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 transaction, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,695 shares of company stock valued at $943,113. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of 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 assumed coverage on shares of McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target for the company. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $285.00 to $280.00 in a research report on Wednesday, July 31st. Citigroup dropped their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, Robert W. Baird decreased their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.71.

McDonald’s Stock Up 0.3 %

NYSE:MCD traded up $0.84 during trading hours on Friday, hitting $290.05. 138,164 shares of the stock traded hands, compared to its average volume of 3,542,181. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The company has a market cap of $209.03 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The stock has a 50 day moving average price of $261.43 and a 200 day moving average price of $270.98.

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

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend 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.